The American Bankers Association today wrote to the Internal Revenue Service outlining several key issues that the IRS and the Treasury Department should include in their 2018-2019 Priority Guidance Plan.

As the Treasury Department develops guidance to implement Section 199A of the Tax Cuts and Jobs Act, it should be clear that Subchapter S banks are eligible for the section's pass-through deduction as Congress intended, a group of trade associations said yesterday.

Banks may need to reassess whether being treated as a corporation or a pass-through is more advantageous.

With the new tax law limiting the deductibility of net business interest expense, the Treasury Department and the Internal Revenue Service today issued guidance on the calculation of the limitations and related rules, pending the formal release of proposed regulations.

If bank capital is a form of currency, how is tax reform shaping the dealmaking environment, from community banks to midsize and regionals?

A little after midnight this morning, the Senate voted to pass a $1.3 trillion spending bill that will fund the government through the end of the fiscal year on Sept. 30.

Sports naming rights deals -- like Golden1 Credit Union’s $120 million deal for the arena of the NBA’s Sacramento Kings -- are just one sign that credit unions no longer need any federal tax subsidy, a respected tax analyst said today.

Hopefully an unintended consequence of the major tax legislation enacted in December will be the triggering of a fundamental review of the taxation of the FCS and agricultural co-ops relative to banks and other investor-owned businesses.

FDIC-insured banks and savings institutions earned $25.5 billion in the fourth quarter, down 40.9 percent from the industry’s earnings a year before, the FDIC said yesterday.

The American Bankers Association today published a new staff summary addressing the changes to the treatment of mortgage interest deductibility as a result of the new tax reform law.