This session will provide an overview of recent tax developments impacting financial institutions.  KPMG banking tax partners Mark Price, Liz L’Hommedieu and Matt Mosby will be joined by John Kinsella, VP Tax Policy of the American Bankers Association, to review the tax impacts of 2020’s wild ride. Topics to be discussed include analysis and review of recent and proposed tax legislation, including tax considerations with the CARES Act; a summary of recent IRS pronouncements, including guidance on the Employment Retention Credit and Paycheck Protection Program; recent accounting and regulatory guidance related to the TCJA; and, income tax issues related to a down cycle economy including forbearance and loan modifications.

Speakers:

• Liz L’Hommedieu, Principal, Financial Institutions and Products, Washington National Tax - KPMG
• Matthew Mosby, Partner, Financial Institutions and Products, Washington National Tax - KPMG
• Mark Price, Principal, Financial Institutions and Products, Washington National Tax - KPMG
• John Kinsella, Vice President, Tax Policy - American Bankers Association