Year-End Tax Planning Strategies for Subchapter S Banks

Telephone – Webinar – Audio/Visual CD Rom

Wednesday, September 30, 2009

8:00 am –   9:30 am Pacific

     9:00 am – 10:30 am Mountain

10:00 am – 11:30 am Central

11:00 am – 12:30 pm Eastern

The current economy has many community banks operating in uncharted territory.  Unprecedented times call for unique ways to approach year-end tax planning and strategies for Subchapter S banks. 

This presentation will focus on how to leverage this challenging environment in your year-end tax strategies.  Managing the timing of tax deductions and losses along with shareholder cash flow issues has become increasingly important in this economic and regulatory climate.

HIGHLIGHTS

· Issues with cash flow management – matching taxable income with distributions

· Consider passive-loss issues for some shareholders

· Timing of deductions – other real estate and bad debts

· Overview of Debt Modification Rules and Cancellation of Debt Income Rules

· Using the American Recovery Reinvestment Act of 2009 provisions in year-end strategies

· AND MORE!

WHY SHOULD YOU PARTICIPATE?

This presentation will acquaint you with the latest tax developments as they relate to the current economic and regulatory environment.  Things are changing rapidly and it is vital for bank management and shareholders to adjust their tax strategies with the changes in the environment.  Missing planning opportunities prior to year end could cost the bank capital and create cash flow problems for shareholders.  You may train as many individuals as you like for one set price.  There will be no travel costs, no time lost from work, and no one will be required to leave the institution.

WHO SHOULD ATTEND?

Community bank shareholders, presidents, CFO’s, board members, and other applicable officers would benefit from this presentation.

Please note:  Your registration fee allows you to have one telephone connection.  However, as many people as you like may listen from your office speaker phone.  If you register for the webinar, your registration fee also includes one internet connection from a single computer terminal.

ABOUT THE PRESENTER – Linda Koerselman & Paul Sirek, Eide Bailly LLP

Linda Koerselman, CPA, is a partner with Eide Bailly LLP in the firm’s Mankato, MN office, and serves as the firm’s financial institution industry chairperson.  She has more than 20 years of public accounting experience with an emphasis in financial institution taxation and consulting.  Linda consults with banks regarding strategic planning issues, such as acquisitions and mergers, estate tax, holding company formations, stock redemptions and minority stockholder tender offers, and has been a frequent speaker for several banking groups on current bank tax, accounting and management topics.

Paul A. Sirek, CPA, MBT, is a partner with Eide Bailly LLP in the firm’s Minneapolis, MN office.  He devotes 100% of his professional time serving financial institution clients, with a focus on tax planning, preparation, and consulting with community banks.  Paul has been a speaker on current bank tax topics for the Bank Holding Company Association and the Minnesota Bar Association, and has been a faculty member at the Graduate School of Banking in Madison, WI.

WHAT IS A TELEPHONE/WEBINAR SEMINAR?

This training method allows unlimited listeners on your office speaker phone.  By choosing the webinar option, participants will also be able to view online visuals as the presentation is delivered.  Registrants receive a toll-free number and pass code that will allow entrance to the seminar.  The session will be approximately 90 minutes, including question and answer sessions.  Seminar materials will be sent prior to the broadcast along with hookup instructions.  Your pin number, hookup instructions and handouts will be emailed to you.  You will need the most current version of Adobe Acrobat Reader available free at www.adobe.com.

CAN’T ATTEND THE SCHEDULED TRAINING?  ORDER THE AUDIO/VISUAL CD ROM!

As an added benefit, you may purchase a CD Rom* of this presentation.  The CD includes the original audio/visual presentation, the question and answer sessions, and the handouts.  In addition, you will be able to contact the presenter if you have follow-up questions.  Use this “off-the-shelf” training program for those that could not attend the live seminar and for future training.  AFFORDABLE, PROFESSIONAL TRAINING, WHEN AND WHERE YOU CHOOSE.

*CD Rom for PC use only