FASB expands proportional amortization method to investments in tax credit structures
The Financial Accounting Standards Board this week issued an accounting update expanding the range of tax credit structures for which ...
Tag: Tax credits
White House outlines proposed tax changes
Accompanying President Biden’s fiscal year 2024 budget, the administration this week released its “Green Book,” which includes proposed tax changes ...
ABA comments on proposal to improve accounting in tax credit structures
The American Bankers Association recently submitted comments on a proposal to broaden the availability of the option to apply the ...
ABA, Trade Groups Express Concerns on OECD ‘Pillar 2’ Minimum Tax Proposal
The American Bankers Association this week joined a coalition of trade groups in a letter to Treasury Secretary Janet Yellen ...
Biden Administration’s ‘Green Book’ Details Tax Proposals
The Biden administration yesterday released its “Green Book,” a document that contains proposed tax changes that the administration will likely ...
ABA Comments on FASB’s Technical Agenda
ABA submitted a comment letter in which it called on FASB to both prioritize their projects on troubled debt restructurings ...
Treasury Expands Paid Leave Tax Credit for COVID-19 Vaccinations
To encourage more Americans to get vaccinated against COVID-19, the Treasury Department today announced that it will allow certain eligible ...
Online Child Tax Credit Tool Available in Spanish
The Internal Revenue Service released a Spanish-language version of its online tool that helps users determine whether they qualify for ...
IRS: Child Tax Credit Recipients Now Able to Submit Direct Deposit Information
Families eligible to receive the expanded child tax credit payments now have the ability to update their bank account information ...
IRS Adds Online Tools to Manage Child Tax Credit Payments
The Internal Revenue Service released two new online tools to help manage monthly Child Tax Credit payments, which were authorized ...
