It is with a hands on approach that our tax team tackles the crucial issues affecting your institution.
Here is a small list of the tax services we offer:
Federal Income Tax
- Completion of Federal Form 1120 and all related schedules
- Calculation of annual bad debt deduction
- Completion of Federal Form 3115
Quarterly Tax Planning
- Calculation of quarterly federal income tax estimated payments
- Estimation of tax provisions and deferred taxes for Call Reports or Board reporting
- Management meetings to explore tax implications on transactions, deferring applicable taxes and maximizing net income through the use of tax free income
Specific Tax Strategies
- Maximizing bad debt deductions
- Maximizing tax exempt income
- Life insurance strategies
Research Assistance
- Comparison of various tax opportunities
- Explanation of IRS code sections
- Explanation of various State tax code sections