In the following video, Motley Fool financial analysts Matt Koppenheffer and David Hanson discuss BB&T's (BBT 1.19%) 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 +0.27%) 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
$58B
Today's Change
(-1.19%) $0.53
Current Price
$44.10
Price as of November 3, 2025 at 2:15 PM ET
A very heavy tax day may be looming for BB&T.
About the Author
Matt is the head of the Coverage Team for The Motely Fool's premium products. Previously, he's been . Matt is a heavy user of AI tools and is working on harnessing them to help Fool members. Previously, Matt was GM of Motley Fool Ascent, led The Motley Fool Deutschland, has been an investor on various Fool services, and co-hosted the podcast "Where the Money Is". He also co-authored the book The Astonishing Collapse of MF Global. Matt started his career in San Francisco as a technology-focused investment banker and also worked at a $15 billion private equity company. When he's thinking about how to make Fools smarter, happier, and richer, you can usually find Matt running trails or making a mess in the kitchen. He's a graduate of the University of Pennsylvania, but is a lifelong fan of Penn State football.