BB&T: The Taxman Cometh
In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss BB&T's little tax problem. They tell investors about the hundreds of millions of dollars BB&T paid to the IRS, expecting to get it back, and why a very similar recent court case involving Bank of New York Mellon may have set a precedent and may mean BB&T won't be getting its money back after all. Matt tells investors how much money is at stake and just how damaging this could be to BB&T if the courts don't rule in its favor.
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The article BB&T: The Taxman Cometh originally appeared on Fool.com.David Hanson and Matt Koppenheffer have no position in any stocks mentioned, and neither does The Motley Fool. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.