The COVID-19 pandemic is having a significant impact on financial markets driven by workforce restrictions, unemployment, production disruptions, travel restrictions, reduced consumer spending and sentiment, amongst other factors. These impacts, and the resulting economic instabilities, are negatively impacting many companies’ financial performance. The financial impacts of COVID-19, as well as a bank’s responses, may impact the institution’s income tax accounting. Join your KPMG instructors for a refresher on routine tax accounting items that may not be so routine when contending with a down- cycle economy.