All times listed are Eastern.

7:30 AM - 5:30 PM | Registration


7:30 AM - 8:30 AM | Networking Breakfast


8:30 AM - 4:45 PM

Bank Tax Tutorial Workshop

As most of the presentations at the conference will focus on specific technical issues, you will want to take advantage of our preparatory Bank Tax Tutorial. The Bank Tax Tutorial is designed for tax directors, tax professionals who serve the banking industry and others responsible for handling bank income tax matters. This workshop prepares you to follow the conference presentations with a greater understanding of the complexity of these issues. If you have not had a refresher course in some time, if you want a succinct and inclusive review, or if you just want to fill in gaps in your background, plan now to attend this special seven-hour tutorial. In this session, we will discuss the common schedule M adjustments specific to banking, the bad debt conformity election and its use in tax planning, and emerging issues that are likely to be discussed in detail at the main conference.

8:30 AM - 4:45 PM

Community Bank Tax Workshop

Over the past 26 years, the Community Bank Tax Workshop has become the banking industry’s premier advanced tax conference focused specifically on the taxation of community banks.

 Tax revision will be on everyone’s mind.  By the first week of November, we expect to have a sense of whether, and if so how, federal income taxes are likely to change in 2022.  We might even have a new law to discuss, though that seems to be a stretch.  Remember that the Tax Cuts and Jobs Act was not signed until December 22, 2017.  Obviously, we will be discussing how community banks will be affected.

 While the focus this year will be on tax revision, other developments are also impacting the tax liabilities of community banks.  The tax provisions in the COVID relief legislation, particularly the Employee Retention Credit, are continuing to influence tax liabilities.  In addition, the evolution of the community bank business model, accelerated to some extent by COVID, and of community bank changes of control present novel tax issues under both the present law and some of the proposed revisions.  We will definitely have plenty of material to fill the session and then some!


8:30 AM - 12:00 PM | Accounting for Income Taxes Workshop

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.


12:00 PM - 1:00 PM | Networking Lunch


1:00 PM - 4:45 PM | State & Local Tax Workshop


3:00 PM - 3:30 PM | Networking Break



5:45 PM - 7:30 PM | Welcome Cocktail Reception


7:00 AM - 8:00 AM | Networking Breakfast


8:00 AM - 9:00 AM | Morning Keynote Address


9:00 AM - 10:15 AM | General Banking Update

This session will provide an overview of recent tax developments impacting financial institutions.  Our Speakers will review the tax impacts of 2021’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.  


10:15 AM - 10:45 AM | Mid - Morning Break


10:45 AM - 12:00 PM | IRS Developments

Our speakers will discuss the current LB&I focus and initiatives with special emphasis on the potential impacts on financial institutions.


12:00 PM - 1:30 PM | Networking & Keynote Luncheon


1:30 PM - 3:00 PM

S Corp Update

2020 has been an unprecedented year of unique challenges regarding cash flow, taxation, and employment.  Over the past year, we have been inundated with help from Washington in the form of loans, credits, deferrals, and retroactive tax law changes.  Join us for a discussion covering the impact on S-Corp banks and their shareholders, including M&A activity, the impact of the election, and the CARES Act.

1:30 PM - 3:00 PM

International Tax Update

1:30 PM - 3:00 PM

M&A Update

As consolidation and M&A activity continue at a rapid pace, bankers are looking ahead to build a competitive edge and a strong business. In this session, panelists will discuss M&A topics including net operating loss utilization and limitations, consolidated tax issues and recent transaction trends. Hear observations, items commonly missed, and strategies to overcome challenges that your bank can act on now.


3:00 PM - 3:30 PM | Mid - Afternoon Break


3:30 PM - 5:00 PM

GAAP & Regulatory Update

This session will provide an update on recent and upcoming developments in financial reporting, including new and proposed accounting standards, as well as current hot topics facing the financial institution industry.

3:30 PM - 5:00 PM

Tax Credits & Renewables

Most banks invest in monetizable tax credits for various reasons including regulatory requirements, managing effective tax rate, receiving a better return for cash on hand, and ESG considerations.  Over the years these efforts have grown, and it is not uncommon to see banks investing hundreds of millions if not more than a billion dollars a year into tax credits.  In addition, recent events have introduced new programs, and rethinking the future of work has impacted how and when investing occurs.

3:30 PM - 5:00 PM

Information Reporting


5:00 PM - 6:00 PM | Networking Cocktail Reception


7:30 AM - 8:00 AM | Networking Breakfast


8:00 AM - 9:00 AM | Morning Keynote Address


9:00 AM - 10:15 AM | Technology & Automation in Tax Departments

Covid 19 has changed the way many companies operate and during the pandemic and with tax professionals being busier than ever before, many have turned to automated tools and technologies to improve workflow.  Join this session as our experts outline how their tax departments adapted to new technology tools and implemented new automation methods.


10:15 AM - 10:45 AM | Mid Morning Break


10:45 AM - 12:00 PM | Federal and State Tax & Benefits Considerations

This presentation will cover issues raised by office reopenings, and by “remote working” policies that are being adopted for the thousands of employees who want to continue to work at home at least part time.  Employers are wrestling with the identification of employees with “home offices” (versus homes serving as “primary” or “secondary” places of business), since that determination affects when employees can be reimbursed for home office equipment, overtime meals, daily commutes between home and office, or extended office visits, involving overnight stays. These remote working policies can also trigger new responsibilities for information reporting and state income tax withholding (both during and after the Pandemic), and may also trigger substantial increases in state income taxes, for corporations whose employees are working in states or countries where the employer might not previously have had any business nexus.


12:00 PM - 1:00 PM | Networking Lunch


1:00 PM - 2:30 PM

FSI Update

This session will discuss recent tax developments to the financial services industry and the international arena.

1:00 PM - 2:30 PM

Community Banking Update

This session will provide an overview of federal income tax issues and recent developments of significant interest to small and mid-sized banks. Topics to be discussed include an overview of recent federal tax legislation and administrative pronouncements of particular interest to community banks and a robust discussion of tax planning strategies aimed at maximizing the benefit of a potential tax rate increase. All topics will be presented from a community banking perspective by practitioners who serve this market extensively.

Key Takeaways:

  • Provides a comprehensive, up-to-date summary of federal tax issues of interest to community banks
  • Frames the discussion and consideration of these developments from a community bank perspective
  • Identifies tax planning strategies available to community banks to maximize the benefit of a potential tax rate increase