Tax Essentials for the Banking Industry

This series of articles from KPMG is intended to provide an introduction to U.S. federal and state income tax concepts as they apply to banks and financial institutions generally. The articles will explain essential tax concepts and include references to authority for additional research. From definitions through the treatment of dealers, mark-to-market accounting, loan fees and costs, state-specific provisions, M&A considerations, and other topics, these articles are for any bank tax professional looking for a primer or introduction to bank-specific income tax issues.