We recently received clarification from the FDIC and HUD on two important reporting deadlines applicable to certain financial institutions.
A favorable change in the CARES Act involves the corporate minimum tax credit.
As part of the major tax reform signed into law late December 2017, commonly known as Tax Cuts and Jobs Act (TCJA), certain businesses were required to limit their business interest deduction.
Baker Newman Noyes is pleased to congratulate the following individuals on making advancements and achievements toward professional certifications this winter.
The Treasury Department and the Internal Revenue Service provided individuals and their estate planning advisors with a timely gift for the recent holiday season. In what amounts to another “use it or lose it” tax planning consideration, final regulations were recently issued for individuals who wish to avail themselves of the higher gift and estate tax exclusion amounts in effect from 2018 to 2025. The final regulations come as welcome relief to individuals who had concerns about their post 2017 gifts being subject to “clawback” type treatment after 2025.
Baker Newman Noyes is pleased to congratulate the following individuals on making advancements and achievements toward professional certifications this fall.
On Tuesday, the federal bank regulatory agencies finalized a rule that simplifies capital requirements for qualifying community banks by permitting them to adopt a simple leverage ratio in order to measure their capital adequacy.