Federal Income Taxation of Banks and Financial Institutions, 7th ed.

• Author: Fink, Philip R.
• Position: Book Review - Brief Review

Federal Income Taxation of Banks & Financial Institutions, by Stanley I. Langbein (WG&L, 7th ed.) presents the many tax issues facing banks and other financial institutions. This publication covers the taxation of interest income, with an emphasis on the "time value of money" rules, along with the methods for attributing income and expense from financial operations to various periods. It covers the taxation of insurance, securities and mutual fund activity, as well as that of data processing and other technology ventures of...