ProfNet Experts Available on Tax Tips, Family Business, More
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EXPERT ROUNDUP
- Tax Tips (29 experts)
EXPERT ALERTS
- Transferring a Family Business
- Negotiating Financial Aid Awards
- The Challenges of Designing a Corporate Event
MEDIA JOBS
- National Web Producer and Reporter – The Real Deal (NY)
- Deputy Online Editor – Variety (CA)
- News Producer –
Seattle Times (WA)
OTHER NEWS & RESOURCES
- How to Take Your Blog Audience From Fling to Long-Term Relationship
- Skills Journalism Students Need to Learn
- Grammar Hammer: The Singular 'They'
EXPERT ROUNDUP: Tax Tips (29 experts)
Following are experts from the ProfNet network that can discuss various topics related to tax season, for both consumers and businesses:
"Credits and breaks exist in the tax code to incentivize investors and entrepreneurs to do exactly what the government wants them to do -- invest and build businesses. One of the codes I take advantage of as a real estate investor is a 1031 Exchange, which allows investors to sell a property and defer all capital gain taxes by reinvesting the proceeds in a new property. If you want to make more money, have more time and pay less in taxes, the first step is to get a primer on the tax code so you can limit your tax liability and increase your wealth."
Kiyosaki is best known as the author of "Rich Dad Poor Dad," the No. 1 personal finance book of all time. The book has challenged and changed the way tens of millions of people around the world think about money, and holds four of the top 10 spots on Nielsen Bookscan List's Lift-to-Date Sales from 2001-2008 alone. In addition, Kiyosaki has been featured on shows such as "
Website: http://www.richdad.com
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Managing Licensed Tax Professional
Tax Defense Network
Having a plan is almost always in your best interest. This was perhaps never truer than when considering how to handle your taxes. There are some essential items to consider before delving into this year's tax return. Roffer shares some suggestions for putting together your own filing plan: 1) "Don't show up for a meeting with your tax preparer without everything you'll need (don't be afraid to ask in advance when you're setting your appointment). Keep in mind that tax season is incredibly busy for accountants and tax professionals alike. You may not get a chance to reschedule." 2) "If you're planning on donating to charity and claiming the deduction, don't forget to retain your receipts. Also, make sure that the organization you're supporting is recognized by the
Website: http://www.taxdefensenetwork.com
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Agulnek's No. 1 tip: "If you are doing the return yourself, read the instructions carefully. If you think you need help, seek the advice of a competent preparer or adviser."
Agulnek, a certified public accountant, licensed to practice in
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VeriFyle
"Too many people are sharing their tax information using email. Email may be convenient, but it's an easy target for hackers who intend to steal your identity. There are options out there for sharing information more securely that are as simple to use as email. It's worth a little bit of extra effort to gain a little more security and some peace of mind."
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Founder and Owner
"If you have a business vehicle and are considering a new one, you may qualify for a substantial tax deduction through Section 179 of the
O'Hare has helped
ProfNet Profile: http://www.profnetconnect.com/seantohare
Blog: http://taxdebtassistance.com
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"Taxes really matter in the investment world -- we all know that. What is not obvious is what you can do to control taxes -- and, as a result, effectively enhance the returns on your portfolio. 'Tried and true' approaches paired with the proper tools for tax-efficient investing are crucial to the next generation of measuring tax efficiency."
Lindell, a financial advisor in Savant's
Contact:
"As the heart of tax season quickly approaches, there are a variety of considerations and strategies individuals should keep at the forefront. While it's always prudent to stay on top of planning year-round, don't let last-minute hiccups – or a last-minute filing – lead to missed deductions."
Campbell has a distinct focus on working with high-net-worth individuals, including founders of large venture capital funds, owners of closely held businesses and C-level executives of multinational corporations. He has over 12 years of public accounting experience at BDO, and has extensive experience in the partnership area, both with family limited partnerships and large venture capital funds. Among other topics, Campbell can speak to proactive and last-minute tax planning tips and deductions, gift and estate planning, charitable gifting and alternatives, and more.
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BDO
"Businesses of all sizes often underestimate the bottom-line benefits of careful, considerate tax planning. From tax extender incentives to bonus plan limitations, it's important to stay up-to-date on the strategies that can keep your business on track come filing season."
Bekker has more than 15 years of experience serving as a technical resource in the C-corporation, merger and acquisition, insurance and banking areas for BDO's National Tax Practice. He has also helped manage the overall client relationships for multinational manufacturing companies, retailers, insurance companies, banks and real estate developers. Prior to joining BDO, Bekker managed federal tax consulting projects in the accounting methods and inventory areas at
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Joseph "JJ" Montanaro, CFP
Montanaro offers the following tax tips: 1) "Education can pay in more ways than one. Be sure to take advantage of available education deductions and tax credits." 2) "Take action on your return. A big refund may be something to celebrate, but it's also an opportunity to adjust your withholding and increase your monthly cash flow." 3) "Know when to call in reinforcements. Online software can make preparing a return a snap, but if your tax life got complex last year -- maybe you sold a rental property, cared for a parent or exercised some options -- it may be time to get expert assistance." 4) "Sales tax pays back. If you're in a state without income tax, the available sales tax deduction can help drive down your tax bill." 5) "An IRA could help late in the game. A contribution to a deductible IRA for 2015 can be made right up until
Montanaro is a Certified Financial Planner practitioner with more than 20 years of experience in the financial services industry as a financial planner. His daily focus has been to help families realize their goals, and his advice has appeared in numerous outlets, including the Wall Street Journal,
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Director of Personal Finance Advice
Van Cleve offers these tips regarding how to spend a tax refund: "Contribute to important long-term goals: 1) Pay down debt. If you have any high-interest consumer debt, why not get rid of some or all of it with your refund money? It'll save you a lot of wasted interest and could relieve a lot of stress. But you may not want to use the entire refund to trim your debt, because our second idea is central to avoiding debt in the future. 2) Build an emergency fund. If you don't have the old cash stash of 3-6 months' worth of committed expenses set aside as an emergency fund, now is the time to start building. Otherwise, the next time you get hit with a financial surprise, you may have to turn to a credit card or something worse. 3) Save for retirement. Will your tax refund be the engine that single-handedly funds your golden years? Nope. However, it could be the spark that gets you consistently putting money away in an IRA, Roth IRA or employer plan. Use your refund to get -- and keep -- the ball rolling. 4) Purposeful saving. You already know they're coming: new tires, kids' activity fees, holiday gifts or maybe even a vacation. Get a head start by placing a portion of your refund into a savings account to help foot the bill."
Van Cleve also shares spending traps to avoid: "Avoid the following spending traps: spending it all at one time and having nothing to show for it afterwards; spending it all at once on big-ticket items such as electronics, or for larger amounts, a vehicle; spending it all on a luxury vacation; gambling it all away, lotto tickets, etc.; using it as a down payment on something you can't afford later with your normal monthly budget."
Van Cleve is a Certified Financial Planner professional and the director of personal finance advice for USAA. He is a native of
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Director of Retirement and Complex Financial Planning Advice
Steen shares these tips to manage filing errors: 1) "Failure to file: If you don't file on time and owe taxes, you could face a penalty. The penalty for filing late is usually 5% of the unpaid taxes for each portion of a month that a return is late. This penalty will not exceed 25% of your unpaid taxes." 2) "Late payment: If you owe taxes and don't pay by the due date, you will generally pay a penalty -- 0.5% of your unpaid taxes for each month or part of a month you're late. The combined maximum penalty for paying late and filing late (assuming no fraud) is 5% per month, or 25% in total." 3) "Extensions: You can request a deadline extension if you have paid at least 90% of your actual tax liability by the original due date. You won't face a failure-to-pay penalty if the remaining balance is paid by the extended due date. So if you cannot pay all the taxes you owe, file your tax return on time and pay as much as you can, then explore other payment options."
Steen also shares these common filing errors to avoid: 1) "Wrong names or numbers: Be sure you spell the names of everyone on your tax return exactly as they appear on their
Steen serves as the advice expert on retirement planning and management, as well as trust and estate planning, for
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Guccione, a cybersecurity expert and CPA, can provide expert advice and tax tips from a cybersecurity angle. He holds a Master of Science in Accountancy with Distinction from the
Keeper Security Media Reel: http://bit.ly/1At4LUL
Website: https://keepersecurity.com
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David Selig
Founder
Selig is a federal tax practitioner, management accountant and vigorous advocate who, in addition to managing a high-profile
Previous TV appearance: http://youtu.be/krHZsi81IoI
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Principal-in-Charge,
As chairman of the department, Farra leads MBAF's team of highly skilled tax professionals working with clients both domestically and internationally in a variety of industries, ranging from banking and manufacturing, to wholesale/distribution, real estate and healthcare. With over 38 years of industry experience, Farra would be a fantastic expert source to contribute insights on his best tax advice and share anecdotes from what he's seeing with clients that would be of great value to your readers.
Bio: http://www.mbafcpa.com/en/about/partners-directors/miguel-farra.aspx
Website: http://www.mbafcpa.com
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Lang is an accomplished tax attorney (retired), accountant (retired) and investment advisor representative. A graduate of The
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Hammer specializes in coordinated, holistic financial planning for
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Tax Director
Website: http://www.cpask.com/about-us/
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Northern Trust
Shier is responsible for leading Wealth Planning Advisory Services and for providing thought leadership on wealth planning and tax issues of interest to clients and their advisors, with a special emphasis on wealth planning and tax policy, legislation, strategies, trends and developments. Prior to joining Northern Trust, she spent 26 years as a partner at
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Somerset Wealth Strategies
A financial professional for 15 years, Sadar contributed to annuity sales at Jackson National Life and MetLife prior to joining Somerset Wealth Strategies. His experience in simplifying these complex products allows for his clients to understand what the product does for them, instead of repeating the newest acronym or abbreviation created by an insurance company marketing department.
Scott is a marathon runner and resides in
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Colabianchi has been a CPA for more than 25 years, and specializes in income and estate tax planning, business planning and accounting compliance for high-net-worth individuals. He can speak articulately on year-end tax planning strategies, trends, changing laws and existing law interpretation topics, to name a few.
Bio: http://www.cypresswealth.com/team/vince-colabianchi/
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Citi
Through
Annibale leads Citi's partnerships with global, national, and local organizations to support inclusive finance and community development through economic empowerment, focusing on responsible and accessible finance; financial coaching and asset building; neighborhood preservation and revitalization; access to college education; and small business and microenterprise development. He also leads Citi's commercial relationships with microfinance financial institutions, corporations, investors and municipalities, working across Citi's businesses and geographies to expand access to financial services in underserved communities. Annibale is a member of the
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Global Vice President, Education; Head of
Xero
As a small-business owner herself (she runs a yoga studio in
In her role at Xero, the only cloud accounting software provider focused on making CPA practices more successful by strengthening the relationship between advisors and their small-business customers, Vetter develops and executes the education strategy for more than 600,000 accounting partners and small-business customers worldwide. Additionally, she owns and operates DRISHTIQ Yoga in
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Member
Karu is an authority on taxation ranging from startups and small businesses to medium-sized and large businesses. He can also speak to what individuals in each of the roughly five generations which exist today need to be aware of in terms of their tax planning. Karu is qualified by the
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Financial Advisor
McCormick-Goodhart is a financial advisor in Savant's
Website: www.savantcapital.com
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Financial Advisor
Brown is a financial advisor in Savant's
Website: www.savantcapital.com
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Portfolio Manager
Walters can talk about all federal income tax matters, from the most basic to the most sophisticated. As a practicing tax professional, CPA and financial planner, he brings a big-picture view to tax planning and preparation. Palisades Hudson is an independent fee-only wealth manager.
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CEO, Senior Advisor
Golkar is a wealth manager and tax preparer with a wealth of knowledge in taxation, from the wealthy to the average lower-middle class. He joined
Expert Contact: [email protected]
Barnhill, a licensed attorney and certified financial planner who has studied tax issues for 30 years, is available to discuss questions related to tax season. He has written several books discussing estate, retirement and individual taxes. He also conducts continuing education courses for tax professionals every year.
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ADP's Health Care Reform Business
Saliterman can provide tips for consumers on how to navigate the new 1095-C tax form. He leads the ADP-wide health care strategy across business units, product management, sales and marketing, service and finance to meet profitability and growth objectives. In addition, he is responsible for leading Added Value Services' emerging Health Care business unit and serves as liaison to the ADP Executive Committee (XCOM) in support of the company's enterprise-wide health care strategy. Saliterman received an MBA in finance from
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EXPERT ALERTS:
Transferring a Family Business
Managing Director
"Transferring a business is a process, not an event. When dealing with family-business situations, advisers need to make sure their clients understand that it's often a long process.
Baby boomers are leaving the workforce and a huge quantity are business owners. Every day, 10,000 boomers are retiring, and this trend will continue until 2030, according to PewResearch.org. Two thirds of these retiring business owners plan to pass their business on to family members, but only one third actually have a plan for how they will perform this transfer, according to a
ProfNet Profile: http://www.profnetconnect.com/jimmccarthy
Website: http://www.mywealthdirection.com
Contact:
Negotiating Financial Aid Awards
Starting now, college-bound high school seniors will begin receiving their financial aid awards. Many will receive less than expected, and may not attend a school based on that sole decision. What many do not know is these awards can be appealed, but the timing is critical --
Based in the
ProfNet Profile: http://www.profnetconnect.com/stevensirot
Website: www.cbrg.info
Contact:
The Challenges of Designing a Corporate Event
"Designing a corporate event is not without challenges. Keeping the experience a lively, educational, engaging visual feast is no small task! It is so important to have clear communication regarding the mission and goals for the event, and up-front budget conversations."
Based in
ProfNet Profile: http://www.profnetconnect.com/bob_russo/
Website: http://www.vdaproductions.com
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MEDIA JOBS:
Following are links to job listings for staff and freelance writers, editors and producers. You can view these and more job listings on our
- National Web Producer and Reporter – The Real Deal (NY)
- Deputy Online Editor – Variety (CA)
- News Producer –
Seattle Times (WA)
OTHER NEWS & RESOURCES:
Following are links to other news and resources we think you might find useful. If you have an item you think other reporters would be interested in and would like us to include in a future alert, please drop us a line.
- HOW TO TAKE YOUR BLOG AUDIENCE FROM A FLING TO LONG-TERM RELATIONSHIP. The blogging game can look a lot like dating. You put your best self out there into a world of unknowns. It can feel exciting and scary. It can also feel a little lonely. But, once you find your confidence and a formula that works, the relationship can quickly move from infatuation to true love. If you want to build a meaningful long-term relationship with your blog audience, consider these 10 fundamentals: http://prn.to/1TatK9k
- SKILLS JOURNALISM STUDENTS NEED TO LEARN. To be a successful journalist, you need to be more than just a good writer. You also need to know how to navigate social media, how to edit a simple video, and more. Here's some advice from
Kelley Callaway , president of theCollege Media Association : http://prn.to/1QYF8TM - GRAMMAR HAMMER: THE SINGULAR 'THEY'. Language is constantly evolving (remember the big argument over "e-mail" vs. "email"?). In the latest Grammar Hammer column, we look at the word "they," recently voted by the
American Dialect Society as the word of the year: http://prn.to/1Qij7wb
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