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In 1996 Congress passed legislation granting banks and thrifts the opportunity to elect subchapter S taxation, which quickly resulted in subchapter S conversions by many financial institutions across the country. This trend continues today, as more than two thousand banks and bank holding companies have made subchapter S elections. Not surprisingly, a myriad of issues, questions and concerns have developed surrounding subchapter S taxation for financial institutions. The Subchapter S Bank Association was established to address these very issues.

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Looking for an answer?
Visit the Sub S Knowledge Center

The Sub S Knowledge Center is now active and ready to receive your questions.  If there is some general information you need regarding Subchapter S banking, submit a question and either association staff or one of our professional associate members will provide an answer. 

Association members can also see answers to questions asked in the past.
 

News & Events
2/3/2010
Vainisi Reply Brief Filed in TEFRA Appeal

On Tuesday, February 2, the Appellants in the T
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1/14/2010
IRS Files Brief in TEFRA Appeal
Shortly after the dawn of the New Year, the Internal Revenue Service (IRS) filed its brief</A> in the TEFRA disallowance appeal, Jerome R. Vainisi, et al. v. Commissioner
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11/16/2009
FDIC Issues Final Rule on Prepaid Assessments
On Thursday, November 12, 2009, the FDIC issued a final rule requiring financial institutions to prepay their estimated quarterly risk-based assessments for the fourth quarter
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