BAN2216. Emerging Tax Developments Impacting Your Institution

This session will provide attendees with an overview of emerging 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 an up-to-date analysis of proposed tax legislation and its impact on the financial services industry, tax considerations resulting from the proliferation of non-traditional market players and practices, and a summary of FASB’s tentative Emerging Issues Task Force (EITF) proposal to expand the application of the proportional amortization method of accounting to tax credit partnership investments other than low-income housing ventures.

Learning Objectives:

• Analyze the current legislative environment and its potential impact on the financial services industry
• Compare tax considerations resulting from the expansion of non-traditional financial service players and new market approaches being applied by traditional banking organizations
• Determine the impact of FASB’s proposed expansion of the proportional amortization accounting method to tax credit partnership investments other than low-income housing tax credit partnerships