On-demand webcasts

 

Tax update for financial institutions

Dec 12, 2020

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. Watch a discussion regarding how the tax law changes will impact your bank and what you will want to do to prepare. Topics 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

This webinar was developed for senior management handling tax issues.

Author(s)

Houston Holmes, CPA
Senior Manager
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Lindsey L. Sabelko, CPA
Senior Manager
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