The Banking IndustryCommerce Clearing House, 1988 - Banks and banking |
Common terms and phrases
accrual basis accrual method accrued acquired acquisition adjusted allocated amended by P.L. amortization amount apply assets bad debt deduction bank's Banking Industry bond capital carryback Centennial Savings Bank charge-off Code Sec commercial banks Commissioner computed corporation December 31 determined election eligible loans exchange fair market value Federal foreclosure foreign tax credit gain or loss gross income included interest expense interest income IRS has ruled IRS Letter Ruling IRS Technical Advice Kirkland & Ellis large bank lender liability loan association loan loss method of accounting mortgage National Bank paid payment percentage provides purposes qualify received regulations reorganization reserve addition reserve balance reserve method savings and loan securities supra note tax basis Tax Reform Act taxable income taxable years beginning Technical Advice Memorandum thrift tion transaction U.S. dollars USTC wash sale withholding tax worthless