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Tax Reform Updates for Bank and Financial Instruments

Gain an understanding of the new tax reform updates affecting the financial institutions industries.

The Tax Cuts and Jobs Act (TCJA) contains sweeping changes that affect the entire financial institutions industry. These changes will impact numerous facets of your bank, including capital levels, bank earnings, strategic direction, investment strategy, and customer relationships. In order to capitalize on these changes (and maximize the benefit for your bank, shareholders, and customers), you should strive to have a thorough understanding of the TCJA and its many provisions. This topic will help you to fully understand the TCJA, and how the new tax law directly affects your bank, shareholders, and customers. Regardless of your entity structure (C corporation or S corporation), your asset size, your loan composition, or your strategic business and investment plans, this information will cover topics that should be on every banker's mind. Furthermore, this topic will explain how to utilize the new tax laws to your fullest advantage, in order to benefit your bank, your shareholders, and your customers.

Runtime: 90 minutes
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Agenda

Changes Affecting All Banks

  • Depreciation and Expensing
  • Meals and Entertainment Expenses
  • Employee Achievement Awards
  • Moving Expenses
  • FDIC Insurance Premiums
  • Investment Strategies

Changes Affecting C-Corporation Banks Specifically

  • Corporate Tax Rate Reduction
  • Limitations on Net Operating Losses
  • Repeal of Corporate AMT
  • Corporate Dividends Received Deduction
  • Accounting Methods and Cash Basis Reporting
  • Income Tax Accounting and Reporting Considerations

Changes Affecting S-Corporation Banks Specifically

  • Changes to Individual Tax Rates
  • New 20% Deduction for Pass-Through Income
  • Impact on Tax Distribution Methodology and Shareholder Group
  • S Corp vs. C Corp Analysis

Tax Act Impact - Customer-Related Changes

  • Changes to Mortgage Interest Deduction
  • Limitations on Business Interest Expense
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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Credits

OnDemand Webinar

This course was last revised on February 26, 2018.

Call 1-866-352-9540 for further credit information.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

Audio & Reference Manual

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • GA CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

MP3 Download

  • Arizona CLE 1.5
     
  • CA MCLE 1.5
     
  • CT CLE 1.5
     
  • HI CLE 1.5
     
  • IL CLE 1.5
     
  • ME CLE 1.5
     
  • MT CLE 1.5
     
  • NJ CLE 1.8
     
  • NV CLE 1.5
     
  • VT CLE 1.5
     
  • WA CLE 1.5
     
  • WV MCLE 1.8
     
The CLE Code is ONLY a requirement when applying for CLE Credit in California (for participatory credit), Kansas, New Jersey or New York. Other states do not need to supply the CLE Code to apply for CLE credit.

This program does NOT qualify, nor meet the National Standard for NASBA accreditation.

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More Program Information

Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

Faculty

Jason J. Wimmer

Jason J. Wimmer

Wipfli LLP

  • Financial Institutions Tax Partner at Wipfli LLP
  • Specializes in the taxation of banks and financial institutions
  • Presents at bank conventions, conducts webinars, writes articles, and writes blogs on banking topics
  • Master of Business Tax, University of Minnesota – Carlson School of Management; B.S. degree in accounting, St. Cloud State University
  • CPA and member of AICPA and MNCPA
  • Can be contacted at 651-766-2896 or [email protected]
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Why Lorman?

Over 31 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.

All of your training, right here at Lorman.

Pay once and get a full year of unlimited training in any format, any time!

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Additional benefits include:

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* For audio recordings you only pay shipping

Questions? Call 877-296-2169 to speak with a real person.

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Product ID: 402180
Published 2018
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