In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss BB&T's (BBT +1.85%) 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 (BK +1.17%) 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.
BB&T: The Taxman Cometh
By Matt Koppenheffer and David Hanson – Feb 27, 2013 at 6:16PM
NYSE: TFC
Truist Financial
Market Cap
$59B
Today's Change
(1.85%) $0.86
Current Price
$47.34
Price as of December 3, 2025 at 3:23 PM ET
A very heavy tax day may be looming for BB&T.
About the Author
Matt Koppenheffer is the former Head of the Coverage Team at The Motley Fool. He was a full-time Motley Fool employee from 2012-2025 and is a former advisor and analyst for multiple Motley Fool services. Matt's articles and analysis have been published around the world and his views have been cited in worldwide publications from the Financial Times and The New York Times to the Toronto Star and Germany's Focus Money. He has appeared to offer analysis on a variety of outlets including CNBC and NPR. Matt is the co-author of The Astonishing Collapse of MF Global as well as the creator and former co-host of The Motley Fool's Industry Focus podcast.