This year marked the centennial for the Consumers Bankers Association and 10 years of CBA LIVE! Once again the conference drew record attendance. The big question dominating the conference was what attendees believed to be the #1 issue NOW for banks. The answer – implementing technology. Retaining talent and mitigating fraud were also on the...
Read more
KPMG Weighs in on Home Equity Tax Law
July 30, 2018
KPMG recently published an article titled, “INSIGHT: Home Equity Interest May Still Be Deductible,” presenting its assessment of the 2018 tax law changes as it pertains to home equity lending. The following are highlights from the article.
It was originally perceived that the new tax law would be detrimental to home equity lending, but upon...
Read more
CBA LIVE 2018 – Another Record Breaking Year!
March 20, 2018
CBA LIVE had another great year – record attendance and a sold out exhibit hall along with thought-provoking forums led by some of the most interesting experts in banking today. In keeping with the productive atmosphere, the Accurate Group team hosted 25 private lender meetings during the conference.
Paul Doman was invited back for his 2nd...
Read more
Good News for Lenders and Taxpayers! Clarification on Home Equity Loan Deductions
March 7, 2018
On February 21, 2018 the IRS clarified that in many cases taxpayers can continue to deduct interest paid on home equity loans, lines of credit, or second mortgages, regardless of how the loan is labeled.
Beginning in 2018, taxpayers may only deduct interest on $750,000 of qualified residence loans. The new limits apply to the combined...
Read more