2018 BTI - Bank & Capital Markets Tax Institute
 
11/07/2018
8:30 am - 5:00 pmBank Tax Tutorial
David A. Thornton, Partner, Financial Institutions Tax Group, Crowe LLP
Patrick Egan, Senior Vice President, Corporate Tax, New York Community Bancorp

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, review available bad debt conformity alternatives and analyze the impact of the recently enacted Tax Cuts and Jobs Act on areas of significant interest to banks.

8:30 am - 5:00 pm24th Annual Community Bank Tax Workshop
John E. Cederberg, CPA Faculty Chair, Principal, John E. Cederberg, CPA
Randy J. Churchill, CPA Advisory Board Moderator, Director, Moss Adams LLP

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. We will discuss a number of new “Schedule M-3” entries caused by changes in accounting methods that are not followed for tax purposes. Additionally, we will dive into the experience with LB&I directive to examiners regarding the examination of bad debts. We are seeing a recovery in community bank acquisition activity, but with a couple of “twists;” the acquirers are other community banks, not the large banks with experience as an acquirer, and many of the acquisitions are complicated by net operating loss carryforwards. It appears that we may not have enacted “tax reform,” but there is enough activity to have a lively discussion of how tax legislation is likely to affect the banking industry.
1:00 pm - 5:00 pmTax Automation: What You Need to Know
Mark Price, Principal, Washington National Tax, KPMG LLP

As banking organizations strive to implement digital transformation strategies, process automation technology continues to evolve. There are currently tremendous opportunities for finance, accounting, and tax managers to deploy these new technologies within their own departments. Successfully automating redundant and time-consuming processes can provide real value to departments of any size; however, jumping into the world of automation can bring many questions and traps for the unwary.

This half-day workshop will start off by laying the foundation on which successful automation projects are based. During the first hour, technology professionals from KPMG's Tax Ignition team will share leading practices for:

- Establishing an automation strategy
- Selecting the right technology
- Choosing the right use cases
- Enabling data
- Effectively using visualizations
- Measuring the return on investment

During the remaining three hours, the focus shifts from strategy to the application of automation technology to solve common problems faced by many banks. We will showcase the various technology solutions that are being deployed by finance, accounting, and tax departments before diving into a hands-on case study using one of the available technologies to solve a state apportionment data challenge.

At the conclusion of this workshop, participants should be able to identify use cases that align with their department’s goals and objectives, evaluate the technology options available to them, and understand the basics of deploying automation technology.


5:00 pm - 6:30 pmWelcome Reception

11/08/2018
7:55 am - 8:35 amMorning Keynote Address: Part 1
8:35 am - 9:15 amMorning Keynote Address: Part 2
9:15 am - 10:30 amGeneral Banking & Tax Reform Update
James Ahern, Tax Director-Capital Markets, Synchrony Financial

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 amMid-Morning Break
11:00 am - 12:15 pmIRS Developments
John P. Kinsella, Vice President, Tax Policy, American Bankers Association

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.
12:15 pm - 1:45 pmLunch Keynote Address: Legislative & Tax Reform Update
Nick Giordano, US Tax Policy Leader, EY
1:45 pmBreakout Sessions Begin
1:45 pm - 3:15 pmCommunity Banking Update
Colleen Delger, CPA, Vice President, Tax Manager, Banner Bank
David A. Thornton, Partner, Financial Institutions Tax Group, Crowe LLP
Sheryl Vander Baan, CPA, Tax Partner, Crowe LLP
Kevin Powers, Tax Partner, Crowe LLP

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 tax law changes enacted under the Tax Cuts and Jobs Act that are of particular interest to community banks, an update on recent IRS pronouncements and initiatives impacting community banks, and planning for the impact of relevant GAAP changes on the federal income tax calculation that every bank will need to know. All topics will be presented from a community banking perspective by practitioners who serve this market extensively.
FSI - Recent Tax Developments
Michelle Messer, Global Head of Business Tax Advisory, Citi

This session will discuss recent tax developments to the financial services industry and international arena.
GAAP and Regulatory Update
Clark Wulf, Executive Vice President, Corporate Tax Director, KeyCorp

This session will provide an update on recent developments in financial reporting, including new and proposed standards for both public and private companies, and a discussion of current hot topics.
3:15 pm - 3:45 pmMid-Afternoon Stretch
3:45 pm - 5:15 pmS Corp Update
Jeremy Uhl, Vice President of Finance, Security National Bank

The pass-through structure of a Sub S bank poses many unique challenges and opportunities. In this session, we will explore the advantages and disadvantages of being a Sub S bank. What impact will tax reform have on Sub S bank shareholders? Will it still make sense to be a Sub S bank? We will examine the impact of new legislation, discuss select merger and acquisition concepts, present tax planning strategies, and review other currently relevant tax issues.
Bank Stress Testing

Challenges persist as banks strive to meet supervisory expectations for sound risk and capital management practices, and the tax department frequently lands in the center of the storm. Hear tactical methodologies and leading practices to better plan for your bank’s capital management and stress testing process. Presenters will discuss what you should be doing now regarding documentation, processes, controls and model validation to meet and thrive in today’s dynamic environment.

Comp & Fringe Benefits Update
The session will address a variety of compensation-related topics including, for example, approaches to providing equity compensation and tax considerations, impact of IRC section 409A on equity and deferred compensation and issues we have seen in practice, IRC section 280G and 162(m) considerations, tax reporting/withholding matters and fringe benefits.
5:15 pm - 6:15 pmNetworking Cocktail Reception

11/09/2018
8:00 am - 9:00 amMorning Keynote Address
9:00 am - 10:15 amSALT Update
Walter Doggett III, Vice President of Tax, E*Trade Financial Corporation

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 amMid-Morning Break
10:35 amBreakout Sessions Begin
10:35 am - 12:05 pmTax Accounting Update
In this session, our panelists will update you on the latest developments in Accounting for Income Taxes, including discussions of the upcoming revenue recognition and leasing standards, and tax accounting for international operations. There will be valuable insights for community banks as well as large multinational financial institutions.
M&A Update
Ron Copher, CFO, Glacier Bancorp, Inc.

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 accounting methods in M&A situations, transaction cost studies/280G issues, and tax accounting highlights. Hear observations, items commonly missed, and strategies to overcome challenges that your bank can act on now.
IRS Practice & Procedure Update
Dean M. Fischbeck, Senior Vice President, Bank of America
Susanne Muller, Executive Director, UBS AG – Group Tax

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.
12:05 pm - 1:00 pmNetworking Lunch
1:00 pm - 2:30 pmTax Credits
James Ahern, Tax Director-Capital Markets, Synchrony Financial

This panel will discuss the various aspects and implications of Federal tax credits, including the issuance of new proposed regulations. The panel will provide insight into the ways financial institutions can participate in these programs and dissect current market trends.

In this session, our panelists will update you on the latest developments in Accounting for Income Taxes, including discussions of the upcoming revenue recognition and leasing standards, and tax accounting for international operations. There will be valuable insights for community banks as well as large multinational financial institutions.


Tax Process Automation
Adrian Fenton, U.S. Tax Services Director, Asset Servicing, Bank of New York Mellon

Technology continues to change at a rapid pace – the iPhone is only 11yrs old! Tax is not immune and a new wave of technologies can provide significant automation and risk management benefits for tax processes from planning, to controversy, accounting, compliance and regulatory reporting. Please join us in this session as we discuss the new wave of intelligent automation (including robotics process automation) and the potential benefits within your tax department.