Tax update for financial institutions
12/9/2020 02:00 PM - 03:30 PM (CT)
Name: Mary Boortz
Join this free webinar hosted by Wipfli
The year 2020 has provided many unexpected challenges for all. In response to the economic downturn brought on by COVID-19, the CARES Act and the IRS have provided numerous tax law changes and guidance. At the same time, the Tax Cuts and Jobs Act continued to evolve based on new guidance provided by the IRS. Many of the provisions within the new tax law and subsequent IRS guidance directly impact banks and can be proactively utilized to minimize tax liabilities. Join us for a discussion regarding how the tax law changes will impact your bank and what you will want to do to prepare. Topics will include:
- Federal tax changes affecting C corporations and S corporations
- CARES Act
- Tax planning strategies and opportunities for tax savings
- Update on IRS audit activities
- Tax-related accounting issues
Who should attend: Senior management handling tax issues
Houston Holmes, Senior Manager
Houston has over 11 years of experience in providing tax services. He is attuned to the tax needs of various types of clients, from startup businesses to established companies, as well as individuals, and has an industry focus on banks and other financial institutions. In addition, Houston has extensive experience in providing tax services including ASC 740 tax provisions under generally accepted accounting principles, federal and state tax return compliance, state tax controversy and corporate tax consulting. He also has experience in working with valuation allowances and Sarbanes-Oxley (SOX) Section 404 internal control documentation related to income taxes. Clients appreciate Houston’s tailored individual and business solutions to help them overcome challenges and meet their goals.
Lindsey Sabelko, Senior Manager
Lindsey has experience in working with a variety of clients in the financial institution industry. Her primary focus is the tax area, but she also lends her talents to internal audits and call report review and preparation. This diversity allows Lindsey to analyze clients’ needs by developing an understanding of their situations and tailoring her level of assistance to fit those needs.