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National Conference on Banks & Savings Institutions 2019

BAN1914 - Tax Update for Financial Institutions

Sep 10, 2019 3:30pm ‐ Sep 10, 2019 4:45pm

Standard: $49.00


This session will provide an overview of tax developments impacting the financial services industry and will be presented in terms that the non-tax-professional can understand. Topics to be discussed include up-to-date details on the latest guidance offered for implementing recent tax reform measures, an overview of how banks can participate in the new tax-advantaged Qualified Opportunity Fund investment program, a discussion of the recent U.S. Supreme Court decision in South Dakota v. Wayfair and how it may impact banks with multi-state customers and an overview of tax considerations related to recent and pending FASB pronouncements.

After attending this session, attendees should be able to:

  1. Properly implement the most recent IRS and Treasury guidance related to tax reform changes, some of which are still being implemented on yet-to-be-filed 2018 tax returns
  2. Understand how banks can participate in the new Qualified Opportunity Fund investment program
  3. Understand how the recent SCOTUS decision in South Dakota v. Wayfair impacts the multi-state tax compliance requirements and related exposure for banks with multi-state customers
  4. Recognize what tax adjustments may be required in connection with the adoption of recent and pending FASB pronouncements


Tags: All Banks

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