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 ...
Tag: Tax reform
Tax Foundation: Eliminating Credit Union Tax Exemption Would Do Minimal Economic Harm
Eliminating the credit union tax exemption would support sound tax policy, a new report from the Tax Foundation found. The ...
ABA, Trade Groups Back Continuation of Tax Protections for Family Businesses, Farms
The American Bankers Association and a coalition of trade groups yesterday urged the House Ways and Means Committee not to ...
ABA Responds to Proposed Rulemaking on Tax Settlement Agreements
The American Bankers Association today filed a comment letter responding to a notice of proposed rulemaking from the federal banking ...
ABA, Trade Groups Warn Against Changes to Section 199A Tax Deduction
The American Bankers Association and a broad coalition of trade associations today urged congressional leaders to oppose any efforts to ...
Treasury Report Offers Limited Details on ABA-Opposed Tax Reporting Proposal
The Treasury Department today released a report further detailing its proposals to shrink the tax gap as part of the ...
Treasury Releases Details on Proposed Tax Changes
The Treasury Department today provided additional details on the Biden administration’s proposed changes to the U.S. tax code.
IRS to Issue Regulations Confirming S-Corporation State Tax Deductions
The Internal Revenue Service on Monday announced that it intends to issue proposed regulations to confirm the federal deductibility of ...
IRS Finalizes Rule on Trusts, Estates Deductions
The IRS has issued a final rule confirming that deductions allowed under Internal Revenue Code section 67(e) for costs incurred ...
IRS Issues Guidance on IRA Distributions to State Unclaimed Property Funds
The Internal Revenue Service has issued two new guidance documents on the transfer of individual retirement account funds into a ...
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