Accounting Manager

J. Michael Pusey

*** *. ********* **., ***. ***

Los Angeles, CA 90004

310-***-****; ****@******.***

Employment and Professional Career

Summary: I have executive experience with listed companies known for

excellence in

management. I was promoted to V.P. status at a NYSE financial

institution, and helped a NYSE government

contractor integrate a global services group in a remarkably

short time. As a tax and financial consultant or executive, I

have helped clients save millions in tax, and helped the CFO

improve the controllership function. I helped Grant Thornton

improve their reputation for international tax expertise and

served many years as top technical staff to their national tax

partner. I have authored or contributed to four tax books,

often write or edit for a fee, and often do tax research for

attorneys or other CPAs. I am experienced in tax research and

defense in practically all areas of tax, including international

and domestic, for-profit and non-profit.

I am an expert in planning dispositions of appreciated assets

via charitable remainder trusts and planning major gifts. I

have extensive merger and acquisition experience and have worked

in many different industries. My academic and professional

credentials include an award for high grades on CPA exam, core

courses through the Ph.D.in Business Administration with an

emphasis on accounting and minor in management, and co-authoring

an AICPA Tax Study. I can help establish an environment of

excellence in your tax department.

.

1986- Sole practitioner CPA, Accounting, Finance, Tax Consulting

Present 606 N. Larchmont Bl., Ste. 210

Los Angeles, CA 90004

May 2007- Interim Sr. Tax Accountant (sole divisional tax

representative)

July 2008 PAE Government Services, a Lockheed Martin Company

888 S. Figueroa St., #1700

Los Angeles, CA 90017

March 1981 Vice President, Assistant Tax Director

Dec. 1985 Great Western Financial Corporation, NYSE

Chatsworth, CA 91311

Salary mid 60's.

1974- National Tax Department

1981 Grant Thornton & Co., middle-market and listed companies

emphasis

Chicago, Ill., Phoenix, Los Angeles

1972- National Tax Department

1974 Laventhol & Horwath, middle-market and listed companies

emphasis

Phoenix, Washington D.C.

1968- Sr. Tax Accountant and Auditor

1972 KPMG Peat Marwick

Midland, TX

As a sole practitioner CPA, I have done general corporate consulting,

including functioning as CFO, but the emphasis has usually been the tax

function.

My reviews of tax returns have resulted in millions of dollars in refunds

from amended returns, revised filing positions and planning strategies. My

practice is often oriented toward long-term projects, often working with

listed or larger companies, frequently assisting other professionals. I

often receive fees as writer or editor for tax publishers. I have at times

accepted employment arrangements for interim tax or CFO positions

I was the one-person tax department at PAEgroup.com, a global services

division of Lockheed Martin. This particular division was 99% foreign.

The position included the gamut of corporate tax responsibilities -

compliance (E&Y TRS system), planning, responding to IRS and state/local

examiners, and long-range forecast. There is heavy emphasis on FAS #109

accounting for taxes and FIN #48 compliance as to uncertain tax positions,

and liaison with some thirty foreign divisions and subsidiaries. The

division was acquired in 2006 for $600-700 million, and the basic charge

was to integrate this very complex private group into a NYSE environment.

The position entailed heavy work product responsibilities amidst creating

systems and coordinating policies with corporate tax management on the East

Coast. As was anticipated, the position ceased to exist in Los Angeles

after integrating the merger.

My responsibilities at Great Western, where I was promoted to V.P.,

included supervision of one manager, two staff (including an attorney) and

two secretaries. I helped build a new department from two to twenty

professionals. As Manager of Research and Planning for the 40 billion

company, I was responsible for tax strategy, including multistate planning,

forecasting of consolidated tax position, analysis and implementation of

major transactions, including banking transactions and three major mergers.

I was also responsible for the IRS Big Case Audit program.

My responsibilities at Grant Thornton included research and planning for

local or national clients, quality control of tax memos from US offices,

coordination of planning issues, liaison with IRS national office, training

and client publications (e.g., LIFO inventory booklet, analysis of new tax

laws), coordination of articles by partners, and publications for the AICPA

and trade association (e.g., Retail Merchants Association newsletter).

At the international accounting firm Laventhol & Horwath, I had many

similar responsibilities, and coordinated the firm's tax research files and

authored papers for submission to the staff of the Joint Committee as

advocate for hospitality industry. At L&H, I worked with Bill Raby, later

head of the AICPA's Tax Division who was asked to be head of the IRS. L&H

had listed clients but was particularly known for middle-market business

clients, and the hospitality, realty and entertainment industries.

In my early career, at KPMG, I worked extensively in tax but was also

senior on

certified audits for various industries. I also helped design and

implement a job order cost system for a manufacturer of plastic bearings.

Professional

Allred Award for high grades on CPA exam presented by Texas Society of

CPAs.

I have written numerous articles, perhaps fifty published articles and

pamphlets, on tax and financial topics, including partnership and

corporate tax. I have written or contributed to four tax books, mainly on

individual and estate tax: Co-author, AICPA's Tax Planning Techniques for

Individuals, Revised Ed, Charitable Remainder Trusts (self-published, 2000

page library), commentary chapters for Kleinrock (CCH),

guest editor of Arthur Andersen's 1999 publication, Tax Economics of

Charitable Giving, I have written various publications for CPAmerica and

other publishers and authored a business finance course for a college.

Education

I worked one year toward the Ph.D. in Business Administration at the

University of Arizona, with an emphasis in accounting and a goal of being

an accounting professor. I completed the core courses in accounting,

finance (including a course in public finance, the economics of taxation,

as well as Ph. D seminary on investments), marketing, management, and

economics. I graduated with honors (2nd in Business School) at Texas Tech,

BBA with a major in accounting) and went on to complete a Master of Science

in Accounting with a minor in management. My master's thesis dealt with

taxation of mutual funds. I was a member of an accounting fraternity at

Texas Tech.

Software

Microsoft Office, plus Lotus, Quatro, Wordperfect, Adobe, various tax

compliance

and research softwares, and various accounting softwares, particularly

Quickbooks and

Dynamics.

Accomplishments / Industries

Accounting, auditing and CFO projects: I worked under the general charge

of the CFO of a college/seminary to improve the controllership function, a

project that encompassed training, systems, liaison with auditors, as well

as regulatory and IRS matters. My work as a sole practitioner CPA often

involved complex accounting matters, frequently in conjunction with tax

matters. I have worked on audits of a broad range of industries, including

oil and gas (two NYSE companies), hotels, nursing homes, construction,

banks and savings and loans, manufacturing, and exempts. I continue to

take continuing education courses on GAAP issues. I was interim CFO of a

$300 million apparel group. At Lockheed Martin division, I had to

generally work with over-the-top adjustments and consolidation issues, and

there was heavy emphasis on FAS #109 accounting for taxes, including

foreign divisions and subsidiaries. As a CPA, I have done various FAS #109

and foreign tax credit expense allocation studies, including a two-year

engagement for a listed financial institution that resulted in refund

claims and changes in accounting practices valued at some $4 million. I

have worked rather extensively with accounting method change issues.

Corporate tax: As a sole practitioner CPA, I often worked on corporate

tax projects, including compliance, coordination of state reporting

following IRS settlements,

coordination of state and local exams, and writing position papers for IRS

exams.

My practice involved little individual tax preparation, although it often

involved complex tax issues affecting investors and business owners and

their companies.

International tax: I spent two years on international tax assignment with

Grant Thornton, helping this firm gain a reputation for international tax

expertise. I reviewed international tax course and worked on two foreign

tax credit articles for partners. At Great Western, I worked with

PriceWaterhouseCoopers to obtain a favorable transition rule as to foreign

tax credit limitations affected international finance subsidiary. As a

consultant, I have completed transfer pricing studies. I have attended a

course on expatriate taxation . I filed tax returns for listed

pharmaceutical company with foreign R&D subsidiary and complex foreign

ownership. I have planned U.S. realty dispositions for foreign investors.

At division of Lockheed Martin, there is heavy emphasis on foreign

taxation, liaison with foreign branches and FAS #109 and FIN #48 accounting

for foreign taxes, as well as some exam work, including transfer pricing

issues. I have traveled extensively internationally.

State and local tax: I developed state tax strategy with Great Western (40

billion company) as it grew to a multi-state company. I coordinated an

informal opinion on nexus for intangibles from committee at Multistate Tax

Commission. I filed a series of state returns for NYSE manufacturing

company and NASDAQ service provider, both entailing foreign dividends and

other international issues. In state and local, I have consulted with

clients on sales and use tax issues. I filed a series of amended state

returns for a listed manufacturer of circuit boards. On several occasions,

I have worked on state tax audits for listed companies, including personal

service companies. In one of those engagements, modeled a result

satisfactory to client and taxing authorities when

national accounting firm had run up a big bill without achieving a

settlement.

Partnership tax, ventures and professional service companies: At Grant

Thornton, I coordinated partnership tax issues in real estate,

entertainment and other industries. I also helped coordinate internal tax

and partnership agreement issues for this national accounting firm. I

published an article on the topic of partnership tax.

Tax audits: Extensive experience both at corporate level and with two

national accounting firms and as a sole practitioner. One project involved

planning for

a major film studio's loss limitation problem arising from merger of a

previously owned subsidiary, an engagement involving complex consolidated

return issues as well

as strategies involving intercompany allocations of expenses. I worked on

a position paper for a regulated utility and its nuclear facility on an IRS

challenge to its deduction for regulatory soft costs.

Mergers and acquisitions: I helped plan and implement three major mergers

at Great Western. I coordinated amortization of intangibles, including

retaining outside appraisals of intangibles. I have developed M&A

checklists and done loss limitation studies and planning for major movie

studio. At another major film/TV studio, I worked on IRS challenge to

timing of deduction for its investment in unsuccessful retail division. I

co-wrote an article on acquisitions of sports teams, which involved

amortizations of TV contracts and other intangibles. The Lockheed Martin

work has involved merger issues and the complexities of post-merger

integration. My expertise in dispositions via charitable remainder trusts

(capital gains by-pass trusts that are themselves tax exempt) involves

transactional planning, usually appreciated realty or stock, including

M&A contexts and corporate planning..

Compensation: At Great Western, I worked extensively with stock option

program and generally coordinated compensation issues. I prepared a policy

/ position paper on some twenty-five perks. At Grant Thornton, I

coordinated pension compliance checklist. I edited a 2001 training course

on pensions / IRAs.

Financial services: I have had several financial institution clients,

mainly smaller listed companies with small tax departments. This work

often involved analysis of accounting records and accounting for taxes,

including FAS #109 studies, as well as tax exams. I worked for a pre-IPO

financial services group including an NASD subsidiary, registered

investment advisor subsidiary, insurance brokerage, trusts, etc.

Completed tax planning assignments and promoted the company's reputation

for tax expertise.

Charities, foundations, and charitable trusts. In addition to

transactional planning for major gifts, I have worked extensively with the

philanthropic sector and am generally familiar with the exempt sector's

tax, regulatory and accounting issues. I have worked on several certified

audits of charities and a municipality.

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