Banking

A group of Democratic lawmakers, led by presidential candidate Sen. Elizabeth Warren, D-Mass., has written a letter to Internal Revenue Service commissioner Chuck Rettig asking him to enforce a recent law.

The Internal Revenue Service and the Treasury Department are offering a safe harbor to provide relief to taxpayers who borrowed money to attend a nonprofit or for-profit school and had their student loan debts discharged.

The middle market pursues growth through technology, better banking for small businesses, and seven other things that happened this past month.

Zach Gordon, a pioneer in serving the marijuana business and senior manager of the cannabis practice at Janover LLC, shares the issues facing this new niche, and how accountants can and should work with it.

The board aims to help community banks and credit unions with the new standard.

The service is offering a direct debit payment option to allow taxpayers to pay off their tax debts.

The Internal Revenue Service has built “cash rooms” to receive federal taxes paid by marijuana companies.

French lessons; our tax system, by the numbers; return of the 1099-NEC; and other highlights from our favorite tax bloggers.

Secretary of Education Betsy DeVos is calling on Congress to allow the Internal Revenue Service to give the Department of Education information on the income of student loan borrowers, warning that student loan applicants are misrepresenting their income and family size to qualify for reduced payment plans.

Democratic presidential hopeful Bernie Sanders will propose canceling the nation’s outstanding $1.6 trillion of student debt and offsetting the cost with a tax on Wall Street transactions.