The accreditors of this session require that you periodically check in to verify that you are still attentive.
Please click the button below to indicate that you are.
This session will provide attendees with an overview of COVID-19 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 a summary of the CARES Act tax provisions, including tax planning strategies resulting from its enactment, an analysis of the GAAP and regulatory impact of these tax law changes and a summary of significant industry issues, including the impact of certain acquisition structures on the tax-exempt status of bank-owned life insurance (“BOLI”).
Learning Objectives:
Recognize how recent CARES Act tax law changes impact the financial services industry
Identify potential CARES Act tax planning opportunities that can add to the bank’s bottom line
Discover which common bank acquisition structures may negatively impact the tax-exempt status of acquired BOLI policies and identify potential structural planning alternatives that may avoid these concerns
