Taxation of banks and thrift institutions
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Taxation of banks and thrift institutions scheduled for a hearing before the Committee on Finance, United States Senate, March 11, 1983

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Published by U.S. G.P.O. in Washington .
Written in English



  • United States.


  • Banks and banking -- Taxation -- United States.,
  • Thrift institutions -- Taxation -- United States.,
  • Credit unions -- Taxation -- United States.

Book details:

Edition Notes

Statementprepared for the use of the Committee on Finance by the staff of the Joint Committee on Taxation.
ContributionsUnited States. Congress. Senate. Committee on Finance., United States. Congress. Joint Committee on Taxation.
LC ClassificationsHG1768.U5 T38 1983
The Physical Object
Paginationiii, 64 p. ;
Number of Pages64
ID Numbers
Open LibraryOL2816987M
LC Control Number83601820

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Financial Institution Tax Provision Calculations Michael J. Rowe, CPA Aug ‾ Bank –9% ‾ Security Corporation –% of gross income (if book and tax). Common financial institution temporary differences: ‾ Accrued Pension/SERP/Other post-retirement. • If a former thrift bank makes a large distribution to its parent to acquire another bank, there may be recapture of the bank’s tax bad debt reserve. • Code Section permitted a bad debt deduction based on taxable income rather than net charge-offs • Tax bad debt reserve accumulated, reflecting the. The History of Taxation. From Sword to Shield: The Transformation of the Corporate Income Tax, to Present Steven A. Bank ISBN (cloth) Oxford University Press, S. War and Taxes Steven A. Bank ISBN (paper) Urban Institute Press, S. Federal Taxation in America: A Short History W. Elliot Brownlee. xi) Tax rules applicable to certain types of banks like rural banks, thrift banks, cooperative banks and non-stock savings and loans associations. xii) Financing Companies 1. The Business of Financing companies and its quasi-banking activities 2. Regular income tax and Minimum Corp. Income tax exposure of financing companies 3.