GOP Lawmakers Urge Dems, Administration to Abandon IRS Reporting Proposal
A group of 202 House Republican lawmakers, led by Rep. Tom Emmer (R-Minn.), wrote to Treasury Secretary Janet Yellen today ...
Tag: IRS
Sen. Crapo Calls for Release of Details on IRS Reporting Proposal
In a letter to Treasury Secretary Janet Yellen today, Senate Finance Committee Ranking Member Mike Crapo (R-Idaho) called for more ...
ABA, Lawmakers Criticize Revised IRS Reporting Proposal
The Biden administration today endorsed raising the de minimis threshold for its controversial IRS reporting proposal from $600 to $10,000.
Letting the IRS Into Your Bank Account: Separating Fact from Fiction
The IRS reporting proposal is not the way to address the tax gap. Most Americans agree, and as more of ...
Broad Coalition of Business Trade Groups Pan Tax Reporting Proposal
The American Bankers Association today joined a broad coalition of business trade groups in a letter to House and Senate ...
Podcast: How the IRS Reporting Proposal Would Affect Banks and Customers
Citizens Bank of Edmond CEO Jill Castilla talks about the effects the Biden administration's controversial proposal for a financial account ...
Congress Debates Significant Tax Changes
As part of its budgetary process known as “reconciliation,” the House of Representatives has outlined a series of income tax ...
ABA Calls for Permanent Relief from Physical Presence Requirement for Spousal Consent
The American Bankers Association and a coalition of retirement trade groups reiterated their request yesterday that the IRS make permanent ...
Debt Limit Questions Dominate House Finance Hearing on Pandemic Response
Treasury Secretary Janet Yellen called the possible consequences of breaching the debt ceiling “catastrophic” during a House Financial Services Committee ...
ABA, State Associations Oppose Tax Reporting Proposal
As the House considers the Biden administration’s social spending bill, the American Bankers Association and 51 state associations today told ...
