The 17th Annual Community Bank Tax Workshop is a day long workshop focused specifically on the interests of those responsible for tax planning and compliance by smaller banks. The Workshop is intended for experienced financial executives of community banks and bank holding companies and for their accountants and counsel.

As was the case the last two years, much of the income tax accounting methods discussion will relate to issues associated with the ongoing recession; the timing and character of loan losses, nonaccrual assets, the tax accounting for foreclosures and other real estate owned, the problems presented by capital losses, especially to C corporation banks, and discharge of debt income. The purchase of assets from the FDIC and tax compliance by failed banks will be major topics. Finally, the large loss carrybacks from the recession are precipitating more IRS examinations than the industry has experienced for many years, and several tax issues are evolving during these examination.

We will, of course, continue the popular “current update” of developments since last year’s Workshop, discuss issues faced by Selecting institutions, and keep some time for mergers and acquisitions of institutions that are not failing..FACULTY – The faculty’s experience is all with community banks.

John Cederberg, a former member of the Advisory Board and the faculty co-chair since the Workshop began, comes from Nebraska, where community banks are the norm and closely held banks are the standard of ownership. His practice, however, is to be the “help desk” for CPAs who have community bank clients, so he also has a national view of the tax issues being encountered by these banks.

Steven Corrie, the other co-chair and a member of the Advisory Board, is the Treasurer of Security National Bank, the lead bank in a multi-bank holding company group of community banks located in Northwestern Iowa.

Speaker

• John Cederberg
  Partner ,Cederberg & Associates
• Steven W. Corrie – Treasurer, Security National Bank
• Maria Bruggink – Partner, Wipfli, LLP

As most of the presentations at the conference will focus on specific technical issues, you will want to take advantage of our preparatory Bank Tax Tutorial. The Bank Tax Tutorial is designed for comptrollers, tax professionals and their outside advisors, and prepares you to follow the conference presentations with a greater understanding of the complexity of these issues. If you have not had a refresher course in some time, if you want a succinct and inclusive review, or if you just want to fill in gaps in your background, plan now to attend this special seven-hour tutorial. In this session, we will be discussing the common schedule M adjustments specific to banking, the impact of IRS schedule UTP (disclosing uncertain tax positions) on financial institutions, an update on S-corporation bank issues and an overview of tax issues associated with failed bank acquisitions.

Speaker

• David A. Thornton – Partner, Financial Institutions Tax Group,Crowe Horwath LLP
• Robert Parker – CPA, Crowe Horwath LLP

This workshop will take a look at a wide range of structured finance products currently being offered by banks, including securitizations and asset-backed lending, leasing, tax credit transactions, repos, and structured notes. We will cover how the current versions of these transactions work and why they are being offered. We will also discuss the key tax issues and the current market for these products.

Speaker

• Mark Price – National Tax Leader, Banking and Finance,KPMG LLP
• Kevin Juran – Principal, KPMG LLP
• Dan Mayo – Principal, New York Financial Services, KPMG LLP
• Jerry McDermott – President, Meridian Investments, Inc.

Sponsored by: