Kenneth D. Simon, C.P.A., J.D.

**** *** *******, #*** *.P.A. Licensed in Virginia

Fairfax, Virginia 22031 Admitted to Virginia Bar

Cell: 914-***-**** Admitted to United States Tax Court

Email: ac2gkd@r.postjobfree.com

Overview:

CPA/JD with 25+ years of experience focusing on tax oriented client solutions. Skills include the ability to provide practical results to challenging tax and business problems. Background includes emphasis on complex corporate transactions, non-profits, entity structuring, and estates and trusts. Accomplishments include:

Reviewed and overviewed an extensive number of 1040’s, 1041’s, 990’s, 5227’s (particularly CRATS and CRUTS) and various multi-state business tax returns (including adjusting government contracting trial balances and returns with both inbound and outbound international transactions). Extensive experience with large estates involving valuation discounts, GRATS, qualified domestic trusts and the recent DSUE and basis reporting rules.

Focused on issues of highly compensated wage earners and self-employed individuals, including stock options, restricted stock units, various retirement plans, HSA’s, medical reimbursement accounts, multi-state credits and composite returns, investments in Hedge Funds, foreign source income and state source income for NR returns.

Gained experience with CCH ProSystem fx tax, ProSystem fx engagement, ProSystem fx “Document” data storage system and related scanning software and hardware, use of “PDF Flyer” and bookmark software (supplement to Adobe Acrobat) to mark up online organizers and other scanned documents, use of “XCM” electronic workflow software, use of BNA Portfolio, BNA Tax Planner, and CCH research software.

Reviewed and drafted specific tax provisions for partnership, LLC and S-Corp organizational documents, including sections 704 b and c, section 754, minimum gain chargeback provisions, qualified income offset statements, other basis issues concerning repayments and section 1377 alternatives for S-Corp split years.

Used legal knowledge to review wills, various trusts, retirement plans, corporate benefit plans, promissory notes, contracts, real estate transactions & option contracts, tax treaties and IRS memorandum.

Made recommendations regarding poorly drafted documents and inconsistent provisions.

Worked extensively with all types of non-profits, including formation, IRS audits, lobbying expenses, unrelated business income, governing procedures and compensation, required conflict of interest issues and intermediate sanctions.

Drafted and revised estate plan summary documents, including investments, explanations of wills and various trusts and what-if calculations for various scenarios.

Researched nexus issues for multi-state corporations, sales and use tax, property taxes and trust situs issues.

Advised on various titling issues for trusts, retirement accounts and brokerage accounts.

Worked on FBAR issues including amnesty planning and related calculations.

Worked with foreign trusts (forms 3520 and 3520-A) and helped ensure proper compliance for these investments on the related 1040’s and 1041’s.

Advised on complex basis issues to free up suspended losses.

Worked with current tax issues including Roth IRA contributions, distributions and re-characterizations, Reportable Transactions, various tax credits, NOL planning, partnership disguised sales, section 645 election planning for form 1041, Virginia limitations on long term care insurance, Virginia land credits, e-filing limitations, 529 plans, section 199 domestic production activities, complex family situations including divorce agreement property transactions, dual heads of households and disclaimers of personal exemptions, debt financed distributions from partnerships and related party purchases of distressed debt.

Worked with various charitable trusts and PF’s for both compliance and planning

Experience:

2017-Senior Tax Manager-Kelly and Company, LLC, CPA’s, Tyson’s Corner, VA (12/16-Present)

2016-Summer Tax Manager-Murray, Jonson and White CPA’s, Falls Church, VA (June-October)

-Busy Season Tax Reviewer-Bailey, Stube and Glaser, CPA’s, Fairfax, VA (February-April)

2012-2014-Tax Manager and Branch Manager-Fiducial of America, Manassas, VA

Managed branch office of international accounting firm focusing on small and medium size businesses.

Supervised a staff of six and had signature responsibility for approximately 600 tax returns.

2012 Jan-April Tax Season-Seasonal Tax Reviewer, Eric Cohen and Co., CPA’s, Rockville, MD

KENNETH D. SIMON, C.P.A., J.D.

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2011 Contract Work/Self-Employed, Metropolitan DC area

Performed contract work including as a Seasonal Tax Manager at Kositzka, Wicks, CPA’s, Alexandria, VA.

1999-2010-Self-Employed Attorney and C.P.A., Metropolitan DC area

Advised high net worth individuals with tax planning, estate planning, and charitable giving including the use of various trusts, private foundations and insurance products.

Prepared various types of tax returns including complex 1040’s, partnerships, C-Corporations, S-Corporations, LLC’s, all varieties of trusts, 706’s, 990’s, 990-T’s, and 990-PF’s.

Provided accounting and financial consulting services to small businesses and non-profits.

Represented clients in tax audits including appeals.

Advised on various legal matters including corporate and real estate law involving small business startups and due diligence reviews (incorporations, real estate closings, tax free exchanges, sales-leasebacks, and all state filings).

1998-1999-Senior Tax Manager, Gelman Rosenberg & Freedman, CPAs, Bethesda, MD

Reviewed individual and small business returns (C and S-Corporations) for entrepreneurs, executives, physicians and attorneys and real estate and investment partnership returns.

Reviewed non-profit audits for Unrelated Business Income Tax issues.

Represented clients in tax audits.

Advised clients on split interest trusts for large tax savings.

1992-1998-Self-Employed C.P.A., Metropolitan DC area

Advised clients on all aspects of their finances including estate and trust planning, compensation planning and investments.

Marketed tax business for high volume of individual tax returns.

1989-1992-Tax Manager, Ernst & Young, Washington, DC

Managed various law firm partnership tax returns including partner’s compensation planning.

Reviewed tax returns of manufacturing companies with merger and acquisition issues, inventory issues, state nexus issues and other C Corp complex transactions.

Involved in audits of non-profit organizations including protection of tax exemption status.

1986-1989-Senior Tax Accountant, Arthur Andersen, Washington, DC

Gained experience with all aspects of individual, corporate, partnership and non-profit taxation.

Served as member of the financial services group and was trained in banking and brokerage taxation.

Organized firm-wide banking tax training school and served as instructor on unique software for banking tax returns.

Supervised preparation and planning of large estate tax returns involving pre and post-mortem planning, distribution planning and alternative “what-if” calculations for life changes, state taxation and changes in tax law.

1978-1983-Executive Director, U.S. Youth Council, Washington, DC

Oversaw fundraising, grants and management of an international exchange and seminar program for young political leaders (501-C-3 non-profit organization).

Managed $800,000 budget and supervised a staff of seven while traveling extensively worldwide.

Education:

Juris Doctor-1995-American University, Washington, DC-Award for Highest Grade in Real Estate Transactions-3.2 GPA

M.S. Accounting-1985-American University, Washington, DC-3.9 GPA

M.B.A.-Finance-1983-American University, Washington, DC-Financial Management National Honor Society-3.6 GPA

B.A.-Political Science-1977-George Washington University, Washington, DC-ODK Leadership Society Award

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