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Vaulation Comment Period Closes
The official comment period on the proposed Section 2704 regulations closed on November 2nd with 9,830 comments filed. The Ways & Means Republicans . . .
Sigh of Relief: S Corps Exempted from 385 Rules
The final rules offer significant relief for S corp community banks. On October 13th, the Treasury Department and IRS released final and temporary . . .
Proposed Valuation Rules Under Section 2704
Proposed regulations under section 2704 of the Internal Revenue Code, released on August 2, 2016 and published to the Federal Register on August . . .
Amendment to Help Community Banks Become S Corps Passes Committee
U.S. Sen. John Thune (R-S.D.), a member of the tax-writing Senate Finance Committee, applauded the Finance Committee’s approval of his provision that would . . .
S Corporation Modernization Act of 2016 Introduced
John Thune (R-S.D.) and Ben Cardin (D-Md.), members of the tax-writing Senate Finance Committee, introduced the S Corporation Modernization Act of 2016 (S. . . .
ABA Supports Proposed Subchapter S, LLC Tax Bills
ABA last week submitted a statement for the record expressing support for two bills introduced by Rep. Kenny Marchant (R-Texas) that would provide . . .
Subchapter S Bank Association Testimony
Testimony Submitted by the Independent Bankers Association of Texas
To The Committee on Ways and Means In Support of H.R. 2789 and H.R. 3287 May 12, 2016 The Independent Bankers Association of . . .
New Capital Options for Community Banks Will Boost Local Economic Growth