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legislation
Hensarling Request GAO Study Reducing Dividends
With a provision in the Highway Trust Fund reauthorization bill that would reduce the dividends paid on Federal Reserve Bank stock to Federal . . .
Be Heard: Sub S Action Items for 114th Congress
Take action and let your voice be heard. The Capital Access for Small Business Banks Act (H.R. 2789) Community Bank Flexibility Act (H.R. . . .
Community Bank Flexibility Act
Congressman Kenny Marchant (R-TX-24) has introduced the Community Bank Flexibility Act. H.R. 3287, The Community Bank Flexibility Act, was introduced on July 29th and to date has two cosponsors: Congressman Lamar Smith (R-TX-21) and Congressman Diane Black (R-TN-6).
Camp Introduces Tax Reform Act of 2014
House Ways and Means Committee chairman Rep. Dave Camp, R-Mich., officially introduced H.R. 1, the Tax Reform Act of 2014. Camp’s legislation proposes . . .
Subchapter S – Call to Arms
The Sub S Bank Association was organized 17 years ago as a way of preserving, protecting and defending what its founders had achieved . . .
Subchapter S Election for Financial Institutions
Almost one third of the financial institutions in the United States are now organized as S corporations. Is S corporation taxation right for you?
IRS Acquiesces to Vainisi Decision
Victory for S corporation financial institutions as the Internal Revenue Service announces it’s acquiescence with the Seventh Circuit Court of Appeals in TEFRA case.
Congress Overwhelmingly Passes Tax Extender Legislation
Officially titled the Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010, the bill extends all of the Bush-era tax cuts through 2012.
Senate Passes Small Business Jobs Bill
Senate passes small business jobs bill aimed at encouraging community banks to expand small business lending.