BAN2406. Tax Planning in a High Interest Rate Environment and Other Tax Developments

This session will discuss how high interest rates impact the approach to tax planning for financial institutions, including strategies that directly reduce income tax liabilities and income tax expense, as well as those that maximize the deferral of income tax payments. In addition, this session will cover recent federal tax developments impacting the financial services industry and how they may impact the corporate tax returns and financial statements. All topics will be presented in terms that the non-tax-professional can understand.

Learning Objectives:

• Determine how a high interest rate environment impacts the approach to tax planning
• Compare types of tax planning strategies available to financial institutions, their level of effectiveness and their impact on the financial statements
• Identify recent federal income tax developments and understand their potential impact on financial institution taxpayers