ABA Solution: Community Bank Tax

Many tax-related issues that challenge community banks today, demanding proven approaches, creative solutions -- and an in-depth understanding of the restraints under which community banks operate.

Now community bankers can turn to the insight and expertise of the ABA Center for Community Bank Tax (CCBT) for assistance with the wide and ever-changing range of tax issues that affect community banks. More about the Center.

Top Issues

LLC vs. Sub S
ABA Submits Comments to Treasury on Tax Reform
Congress Passes Sub S Provisions
For further analysis of these chages and their impact on Sub S shareholders, more >>
ABA's comment letter to the IRS on the issue of "nonaccrual of interest on nonperforming loans" to be considered under the Industry Issue Resolution (IIR) program. 4/1/04 (PDF)

FASB's FAS 13 Project (Accounting for Leases) - Update

ABA's comment letter on proposed FSP place
FASB's handout from roundtable on uncertain tax positions. 10/10/05

Treasury Releases HSA Forms

IRS Instructions for Forms 1099-SA and 5498-SA
(Annual IRS Forms for Trustees and Custodians to Report HSA Contributions and Distribution)
IRS Form 1099-SA (HSA Distribution Reporting Form For Trustees and Custodians)
IRS Form 5498-SA (HSA Contribution Reporting Form for Trustees and Custodians)
Final Model Health Savings Custodial Account Document
(A Model Custodian Account Agreement Approved by the IRS)
Final Model Health Savings Custodial Account Document
(A Model Trust Account Agreement Approved by the IRS)
If you're not sure about the benefits of HSAs for your institution as well as your customers, then check out these six reasons. 9/23/04

IRS Rulings

IRS Regulations