New 2000 Bank Tax Guide From CCH Delivers Rules, Strategies, Expert Analysis

(RIVERWOODS, ILL., May 2, 2000) – Thoroughly updated to reflect recent cases, Internal Revenue Code changes and new strategies, the 2000 Bank Tax Guide is a comprehensive, one-stop resource on the taxation of banks and thrift institutions. Published by CCH INCORPORATED (CCH), a leading provider of tax and banking law information, the Guide contains all the relevant rules for institutions, as well as expert analysis and proven strategies. In light of the new activities permitted under the recently passed Gramm-Leach-Bliley Act, this publication provides critical information for financial institutions entering new product or business lines.

Bank controllers and financial officers, as well as CPAs and attorneys with bank practices, can all benefit from this must-have reference. ($195. To order call 800-248-3248.)

Author Ronald W. Blasi provides expert guidance on bank-specific subjects, such as securing capitalization of business expansion costs; avoiding disallowance of business start-up expenditures; loan origination expenditures; and applying mark-to-market rules to an institution’s advantage – while avoiding traps.

He shows how to determine if an S corporation is right for an institution and discusses how to properly treat credit card fees, points and non-performing loans.

Beginning with a discussion of entities subject to bank tax rules, the 2000 Bank Tax Guide provides thorough coverage of every aspect of bank taxation, with chapters on accounting for interest, fee and other income; discounts, points and premiums; securities dealers and investors; modified debt; foreclosures; business expenses; interest expense; bad-debt deductions; and acquisitions.

Written in a plain-English style, the Guide contains timesaving tools such as checklists, worksheets and tables. Pertinent references to the Internal Revenue Code, Gramm-Leach-Bliley, regulations, cases and rulings are provided and the recently released IRS Market Segment Specialization Program publication on Commercial Banking is reproduced.

About the Author

Ronald W. Blasi is a professor in the College of Law, Georgia State University in Atlanta. Professor Blasi has been practicing, advising and teaching in the bank tax area for nearly 25 years, having served as vice president in the tax department at Chemical Bank, as a tax attorney for Citibank, NA and as chairman of the American Bar Association Tax Section’s Banking Committee from 1985 to 1997.

He has been a consultant and expert witness on bank tax matters for the IRS and the New York State Legislative Tax Study Commission as well as numerous private firms.

Pricing and Availability

For more information or to order the 980-page, softcover 2000 Bank Tax Guide, call 1-800-248-3248. Single copies are $195. Quantity discounts and school adoption pricing available.

About CCH INCORPORATED

CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the tax, legal, securities, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer U.S. The CCH web site can be accessed at www.cch.com. The CCH Business and Finance Group web site can be accessed at http://business.cch.com.

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EDITORS NOTE: For members of the press, a complimentary review copy of 2000 Bank Tax Guide is available by contacting: Leslie Bonacum, 847-267-7153 or bonacuml@cch.com.