U.S. Master Bank Tax Guide (2023)

Author: Ronald W. Blasi
Publisher: CCH U.S.
ISBN: 9780808057475
Published In: January 2023
Format: Paperback , 944 pages
Jurisdiction: U.S. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents
Author

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Formerly titled, the Bank Tax Guide, the new U.S. Master Bank Tax Guide by noted bank tax expert, Ronald W. Blasi, J.D., LL.M., is a comprehensive desktop reference that covers all the tax rules for financial institutions and is the only book of its kind that is completely updated each year to reflect the latest changes through press time. This is the authoritative must-have guide for professionals charged with tax compliance for financial institutions. It features special planning sections in each chapter, detailed discussions that are meticulously referenced to authority for additional research, potential IRS audit activities, and numerous practical examples that illustrate the rules and principles. The volume provides informative discussions on points of law where the courts and the IRS may not see eye-to-eye.

The key tax planning suggestions offered in each chapter and meticulous footnotes to show authority throughout make the Guide's discussions a roadmap for further research. Helpful tables, charts, lists and examples reflect the author's penchant for illustrating the rules and principles in the most understandable way.

Organized for day-to-day use, but offering a depth of discussion that readers will want to read thoroughly, the U.S. Master Bank Tax Guide reflects the author's 30+ years of banking industry experience and his proficiency at teaching in both the law school and tax professional venues. This resource not only explains the fundamental tax rules and principles that apply to banks, it also identifies and guides the reader through the many opportunities and pitfalls that may be present. From choice of entity advantages and disadvantages and treatment of start-up costs to handling ordinary and necessary expense items and acquisition and expansion considerations, the Guide offers the practical guidance that all bank tax practitioners need, value and appreciate.
- Entities subject to bank tax rules
- Accounting for interest, fee and Other income
- Discount, points and premium
- Securities dealers and investors
- Nonperforming loans
- Modified Debt
- Foreclosures
- Business expenses
- Interest expense
- Bad-Debt Deductions
- Acquisitions
- Business tax credits
- Valuable appendices provide:
- IRS Industry Specialization Program Coordinated Issue Papers
- The 13 Federal Judicial Circuits
- The 12 Districts of the Federal Reserve System
- Audit Technique Guide for Commercial Banking
Ronald W. Blasi, J.D., LL.M.has worked for tax departments at some of the top institutions in the country and has tax law practice experience with a top law firm in NY. He served as chairman of the ABA Tax Section's Banking Committee and has lectured in bank tax professional education programs for over 20 years. He is currently Professor of Law in the College of Law at Georgia State University. Professor Blasi has an LL.M. (Taxation) from New York University, a J.D. from St. John's University and an APC (Accounting) from New York University Graduate School of Business.