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ABA was a strong proponent of comprehensive tax reform and supported the final bill, which was largely aligned with ABA’s core principles for tax reform.

News

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IRS: Some wellness expenses not deductible under tax code
March 09, 2024
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IRS holds off on IVES updates, seeks industry input
March 09, 2024
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ABA: Proposed revisions to bad debt regulation need reworked
February 24, 2024
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ABA voices support for business provisions, low-income housing tweaks in tax bill
February 01, 2024

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Related Training & Events

What Clients Need to Know to Manage Their Taxes in 2024
Recorded Webinar | March 14, 2024
How to Create an Inclusive Client Experience
Recorded Webinar | September 21, 2023
Fiduciary Litigation Annual Review (2023)
Recorded Webinar | May 11, 2023
Explore ABA's Tax & Accounting Resources
Recorded Webinar | March 25, 2021

ABA Resources

ABA Foundation
Earned Income Tax Credit (EITC)
January 26, 2021
Guide
Tax Reporting Proposal: Resources for SBAs and Banks
October 22, 2021
ABA Foundation
Earned Income Tax Credit (EITC)
January 26, 2021
Guide
Preliminary Compilation of Coronavirus Tax Provisions
April 10, 2020
Data
Credit Union State Taxation Statutes
February 25, 2020
Guide
Current Expected Credit Loss Accounting Standard
December 20, 2017
Report
Definitions of Private Company and Public Business Entity
March 9, 2017
Guide
CECL Highlights and Challenges
June 14, 2016
Guide
Regulatory Guidance Related to Allowance For Loans & Loan Losses (ALLL)
January 28, 2014
Guide
The S Corporation
January 22, 2014

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Proposed Pass-through Regulations Information Summary

Section 199A is a new section of the Internal Revenue Code (IRC) that was added through the TCJA.

Read the Staff Analysis

Policy Analysis & Advocacy Efforts

Comment Letter
Letter to the IRS Regarding Bad Debt Deductions for Regulated Financial Companies
February 23, 2024
Letter to Congress & Regulators
Letter to House and Senate Leadership re Tax-Related Provisions
January 31, 2024
Letter to Congress & Regulators
Letter to the Treasury and IRS Regarding Treatment of Section 597
December 20, 2023
Letter to Congress & Regulators
ABA Letter of Support re S.J. Res. 32
November 29, 2023

Taxes Regulatory Proposals

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Taxation Committee

Provides expertise and hands-on-experience on bank taxation and develops ABA positions on taxation policy issues.

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