Accounting Manager
Resume:
James M. Zelazo
Darien, IL 60561
Email: abm3xg@r.postjobfree.com
OBJECTIVE: Seeking to secure a position as a Tax Manager in a
public corporation.
SUMMARY: A practicing accountant with experience in the area of
public accounting.
Extensive technical knowledge in the area of income
tax preparation
for corporations, partnerships, estates, and trusts.
Experienced
in software such as Creative Solutions Accounting,
Creative Solutions
Ultra Tax, Creative Solutions Fixed Asset Accounting,
Lacerte,
Microsoft Office Suite, and Quickbooks. Effective in
conducting
research of the federal tax code for client tax issues.
EXPERIENCE: Wayne W. Haack & Co., P.C., Oak Brook, IL
2000-present
Prepared annual federal and state income tax returns for
corporations using latest revision of all federal, state, and local
tax codes.
. Implemented accounting adjustments under FAS 109 to properly
calculate corporate income tax liability.
. Applied guidelines for bonus depreciation on equipment
purchases of a manufacturer which reduced corporate tax
liability in the current year.
. Calculated Form 1120S for S corporations with federal profits
and losses recognized individually at the shareholder level.
. Recommended that a taxpayer file an election under The Worker,
Homeownership, and Business Assistance Act of 2009 to carry
back business losses for 5 years.
Calculated Form 1065 for partnerships to file with federal and state
governments. Completed fiduciary tax returns as Form 1041 for
various trusts. Reported tax information for estates on Form 706 and
gifts on Form 709.
. Determined partnership status for various entities such as
trades or businesses, financial operations, and joint ventures.
Recorded distributions to partners as nontaxable and guaranteed
payments as taxable under current partnership tax law. Applied
procedures to convert a partnership into a limited liability
company.
. Conducted proper tax reporting for simple trusts, complex
trusts, and grantor trusts. Analyzed accounting income to
determine the amounts that income beneficiaries are entitled to
receive from the trust each year.
. Filed Form 706 where gross estate on date of death exceeded $2
million in 2008. Prepared Form 709 for gifts that exceeded
$12,000 to each donee.
James M. Zelazo
Email: abm3xg@r.postjobfree.com
Developed tax planning strategies for individuals to minimize income tax
liability using the latest federal tax laws.
. Calculated salaries for officers of S corporations to limit personal
tax liability based on business operations.
. Advised acquisition of a primary residence for tax clients in order to
be eligible for the First Time Home Buyer credit during 2009.
. Projected year end taxable income for clients during the current tax
year to avoid phase out of itemized deductions.
EXPERIENCE: Disteldorf Ltd., Oak Lawn, IL
1991-1999
Developed tax planning strategies for professional service corporations in
order to minimize application of 35% federal income tax rate.
. Determined reasonable compensation for employee shareholders of
professional service corporations to distribute profits as wages.
. Calculated yearly salary for a plastic surgeon client to shift
corporate earnings to lower individual income tax rates.
Applied federal income tax law to a corporation as a personal holding
company based on recognition of investment income and 50% of stock
ownership held by five or fewer individuals.
. Instructed real estate corporation to pay out rental income to
shareholders as dividends to avoid additional personal holding company
tax.
EDUCATION: Marquette University, Milwaukee, Wisconsin
Bachelor of Science Degree, Accounting, 1990
Northern Illinois University CPA
Review
Candidate for CPA Exam
Lacerte Corporate and Individual Tax Update
AICPA Individual Tax Returns Videocourse
Quickbooks Accountant Update Seminar
REFERENCES: Available upon request.
Contact this candidate