February, 2018
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S Corporations Should Reconsider Tax Distributions Policies for 2018
In light of tax reform and the new Section 199A deduction, S Corporations should carefully consider their 2018 tax distributions.
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Are Home Equity Loans Deductible Again? Maybe
The IRS has issued a news release Wednesday clarifying that home equity loans are deductible under tax reform if the funds are used for certain purposes.
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New HMDA Guide Released
The Consumer Financial Protection Bureau (CFPB) sent out an email announcing an updated version of the “Guide to HMDA Reporting: Getting it Right”.
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Last Minute Tax Deductions for 2017: Cost Segregation
Cost segregation studies are a unique tax planning opportunity that financial institutions can still consider for the 2017 tax year.
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Bank Penalized More Than $600 million for BSA Violations
It was announced on February 15th that U.S. Bank received more than $600 million in civil money penalties for violating the Bank Secrecy Act (BSA).
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CFPB’s Fair Lending Organizational Change
The acting director of the Consumer Financial Protection Bureau (CFPB), Mick Mulvaney, is moving members of the Office of Fair Lending and Equal Opportunity to his office.