With major tax legislation high on the congressional agenda, ICBA is recruiting interested Subchapter S bankers for its new Subchapter S Tax Working Group. ICBA members who do not currently serve in ICBA leadership are encouraged to apply.
ICBA seeking Subchapter S bankers for new working group
January 22, 2025 / By ICBA
With major tax legislation high on the congressional agenda, ICBA is recruiting interested Subchapter S bankers for its new Subchapter S Tax Working Group. ICBA members who do not currently serve in ICBA leadership are encouraged to apply.
With major tax legislation high on the congressional agenda, ICBA is recruiting interested Subchapter S bankers for its new Subchapter S Tax Working Group. ICBA members who do not currently serve in ICBA leadership are encouraged to apply.
Background: The 20% deduction for Subchapter S bank investors (Section 199A) expires at year-end, along with other provisions of the 2017 Tax Cuts and Jobs Act, including the individual rate structure. Feedback from ICBA Subchapter S Tax Working Group members will inform ICBA’s response to evolving legislative tax proposals.
Criteria: ICBA is seeking bankers with:
Detailed knowledge of Subchapter S investor taxation.
A willingness to engage directly with their members of Congress.
The ability to review and provide timely feedback on draft legislation.
A willingness to engage internal and external resources at the bank to provide feedback.
Additional Details: The group will meet monthly via Zoom and as warranted by legislative developments. Selection will be based on relevant expertise, geographical diversity, and other factors. A CPA is not necessary but would be helpful.
How to Sign Up: ICBA encourages interested community bankers to complete its online form.
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