November 4, 2019

7:30 AM - 9:00 AM | Registration Opens

8:00 AM - 9:00 AM | Networking Breakfast

8:30 AM - 4:30 PM | 25th Community Bank Tax Workshop

The Community Bank Tax Workshop is the banking industry’s annual advanced tax conference focused specifically on tax planning and compliance by community banks, both C corporations and S corporations. The workshop is designed for the financial executives of community banks and bank holding companies, and their outside accountants and counsel.

8:30 AM - 4:30 PM | Bank Tax Tutorial

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 comptrollers, tax professionals and their outside advisors, and 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 developments in the tax issues associated with loan foreclosures and holding foreclosed property.

1:00 PM - 4:30 PM | ASC 740, Accounting for Income Taxes Workshop

Whether you are new to tax accounting or are in need of a refresher, this half-day, interactive workshop covers the fundamentals of the tax provision computation in accordance with ASC 740.  Participants will work together under the guidance of KPMG instructors to complete a comprehensive case study requiring the preparation of a tax provision for a representative community/regional domestic bank.  Throughout the completion of the case study, the workshop will also highlight select recent developments and common areas of challenge with respect to ASC 740.
At the end of the training, professionals will be able to:
  • Complete the steps required to prepare a tax provision pursuant to ASC 740;
  • Compute total tax expense or benefit and deferred tax assets or liabilities;
  • Identify common book-tax differences for banks;
  • Recognize significant factors requiring a valuation allowance with respect to deferred tax assets;
  • Prepare an effective tax rate reconciliation;
  • Understand significant state tax considerations in tax provisions; and
  • Properly present income taxes in the financial statements.

Roundtable 1
Roundtable 2
Roundtable 3
Roundtable 4

4:30 PM - 5:30 PM

Roundtable: Loan Workouts

5:30 PM - 7:00 PM | Welcome Reception

November 5, 2019

7:00 AM - 8:00 AM | Registration

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

8:00 AM - 9:15 AM | Morning Keynote: Banking Economic Outlook

A look at current economic trends and how they relate to the baking industry in 2019 and beyond.

9:15 AM - 10:30 AM | General Banking Update

This session will provide attendees with an overview of federal income tax and accounting developments of significant interest to banks and practitioners. Topics to be discussed include an analysis and review of recent and proposed tax legislation, including tax reform proposals, a summary of recent IRS pronouncements and cases, recent accounting and regulatory guidance, and a review of current IRS examination issues.

10:30 AM - 11:00 AM | Mid-Morning Break

11:00 AM - 12:15 PM | IRS Developments

Led by representatives from industry and public accounting, as well as former IRS executives, this panel will discuss the taxpayer and government positions on current issues being raised by the IRS for examination. The panel will feature a lively discussion of IRS positions affecting current examination issues as well as strategic initiatives and structural changes within the IRS that will impact taxpayers.

12:30 PM - 1:45 PM | Lunch

12:45 PM - 1:45 PM | Luncheon Keynote: Legislative & Tax Reform Update

Examine the state of Federal tax policy matters and what impact they will have.
Breakout Session 1

2:00 PM - 3:30 PM

Community Banking Update

Breakout Session 2
Breakout Session 3

2:00 PM - 3:30 PM

GAAP Update

Breakout Session 4

2:00 PM - 3:30 PM

Low Income Tax Credits

3:30 PM - 4:00 PM | Mid-Afternoon Stretch

Breakout Session 1
Breakout Session 2
Breakout Session 3

4:00 PM - 5:30 PM

S Corp Update

5:30 PM - 6:00 PM | Networking Cocktail Reception

November 6, 2019

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

Presenters examine the future of the banking industry.

9:00 AM - 10:15 AM | SALT Update

The State and Local Tax session will be an interactive panel discussion covering the latest developments in state and local taxation of financial institutions. Topics will include a review of the “State of the States,” an update on significant new and pending legislation, thoughts on the recent trend toward market-based sourcing, recent judicial and administrative rulings, and other state/local developments and trends that are impacting the industry and your state effective tax rate.

10:15 AM - 10:35 AM | Breakout Sessions Begin

Breakout Session 1

10:35 AM - 12:05 PM

M&A Update

Breakout Session 2

10:35 AM - 12:05 PM

Tax Accounting Update

Breakout Session 3

10:35 AM - 12:05 PM

Tax Process Automation

12:05 PM - 1:00 PM | Networking Lunch

Breakout Session 1
Breakout Session 2