U.S. Master Bank Tax Guide (2012)

Formerlytitled,the"BankTaxGuide,"thenewU.S.MasterBankTaxGuide(2012)bynotedbanktaxexpert,RonaldW.Blasi,J.D.,LL.M.,isacomprehensivedesktopreferencethatcoversallthetaxrulesforfinancialinstitutionsandistheonlybookofitskindthatiscompletelyupdatedeachyeartoreflectthelatestchangesthroughpresstime.Thisistheauthoritativemust-haveguideforprofessionalschargedwithtaxcomplianceforfinancialinstitutions.Itfeaturesspecialplanningsectionsineachchapter,detaileddiscussionsthataremeticulouslyreferencedtoauthorityforadditionalresearch,potentialIRSauditactivities,andnumerouspracticalexamplesthatillustratetherulesandprinciples.ThevolumeprovidesinformativediscussionsonpointsoflawwherethecourtsandtheIRSmaynotseeeye-to-eye.ThekeytaxplanningsuggestionsofferedupfrontineachchapterandmeticulousfootnotestoshowauthoritythroughoutmaketheGuide'sdiscussionsaroadmapforfurtherresearch.Helpfultables,charts,listsandexamplesreflecttheauthor'spenchantforillustratingtherulesandprinciplesinthemostunderstandableway.Organizedforday-to-dayuse,butofferingadepthofdiscussionthatreaderswillwanttoreadthoroughly,theU.S.MasterBankTaxGuidereflectstheauthor's30+yearsofbankingindustryexperienceandhisproficiencyatteachinginboththelawschoolandtaxprofessionalvenues.Thisresourcenotonlyexplainsthefundamentaltaxrulesandprinciplesthatapplytobanks,italsoidentifiesandguidesthereaderthroughthemanyopportunitiesandpitfallsthatmaybepresent.Fromchoiceofentityadvantagesanddisadvantagesandtreatmentofstart-upcoststohandlingordinaryandnecessaryexpenseitemsandacquisitionandexpansionconsiderations,theGuideoffersthepracticalguidancethatallbanktaxpractitionersneed,valueandappreciate.