Taxation and Accounting
In This Section
Tax and accounting rules impact every major transaction of every business. Without clear guidance on how the rules should be implemented, taxpayers spend a significant amount of time and resources on compliance and risk reduction. MBA's goal is to advocate for rules that are not unfairly burdensome for our members, as well as provide the necessary clarity for members to operate their businesses. MBA works closely with the IRS/Treasury on tax rules impacting our members; and also with FASB, the U.S. accounting rules standard setters. In the last few years, FASB issues a wave of accounting standards and updates. MBA continues to help members understand the implications and applications of these rules on their mortgage lending and servicing businesses.
Explore how we are working for our members by each issue category below.