Raj Kumbhat +1-516-***-****

B.COM FCA acx145@r.postjobfree.com

Expert Skills & Summary (TAX & audit director/ cfo /manger/ internal auditor)

Corporate Finance, Divestures, Debts & Investments, debenture issuance, IPOs, mergers & acquisitions, projects financing, restructuring, working capital

GAAP (UK, USA), IFRS, PACOB, SOX, Treasury

ASC: 740, 320, 718, 220, 805, 820, 815, 810

External, Internal & Operating Expenses Recovery Audits for Conglomerates Real Estate, Financial Institutions, Banks MNCs & Private Groups

SALT planning and compliance in conjunction with multistate allocation and apportionment, sales and use, property taxes and nexus implications

US Tax & Global tax planning, compliance and structuring including Germany, Canada, Mexico, UK India, HK, France, Peru, Brazil and US. W-9, W81MY, W8BEN, W-8EXP 1099-OID, Interest, Dividend

International tax planning compliance: 926, 1042, 3520, 5471, 5472, 8804, 8805, 8828, 8858, 8833, 8865, 8868, check-the-box, ECI & foreign withholdings, FAS109, Fin-48, loss on foreign subsidiary stock, reorganization 367, Sub-Part F, transfer pricing, Effective tax rates

Federal, state and local tax & audit representation

1031 Exchanges, C-Corp, IRC 742, IRC 743, IRC 754, pass-thru entities, PTPs, S-Corp, Fiduciaries,

Preparation &Technical review: 706, 709, 990, 990T, 1120, 1120S, 1040, 1041, 1042S, Consolidated Tax Returns, 1065, 5500, REITs returns, IRS 1441, Foreign Withholdings & Transaction Tax, FATCA

13F, carried interest, expatriate and repatriate planning, fund to fund and Hedge Fund, offshore tax planning, parallel structuring & Private Equity

Selected Accomplishments

Managed assurance services and operating expense recovery audits of $2B – $10B global real estate groups and MNCs in assets

Directed US & international tax compliance, planning, structuring & Consolidation of tax returns for clients worth $30M – $10B across apparel, distribution, manufacturing, MNCs, Oil & Gas and Real Estate Public or Private Clients.

Conducted Statutory and Internal audits of Leading Asian financial institutions and banks including Exim Bank, ICICI, insurance corporations, private conglomerate groups, Punjab National Bank, State Bank of India and US Credit Unions & reviewed Loans $ 7B.

Managed $20B global industrial houses and India’s largest oil & gas company with an accounting staff of over 100 professionals

Led & Advised international joint ventures, financing, internal audits and financial statements for the leading conglomerates.

Prepared and reviewed tax returns for individuals, S-Corporations, C-Corporations, Partnerships, PTP, LLP, LLCs Fiduciaries, widely held fixed Assets Investment Trusts, REITS, (worth $5M – $3 B in Sales or AGI. Big Four Consulting Experience.

Prepared & reviewed complex consolidated tax returns with more than 8 to 14 subsidiaries and 18 to 32 multistate tax returns for corporations with a turnover of $ 300M – $5B.Prepared Deferred Tax Accounting & Provisions ASC 740 & FIN 48 for these entities.

Professional Experience

Kumbhat Global Consulting (KGC) USA New York, NY

Founder 2007 – Present

Reviewed and prepared federal & multi state tax returns and consolidated tax returns for high net worth individuals, fiduciaries, S-corporations, C-corporations, foreign & domestic partnerships, single member LLC & LLPs & foreign Corporations.

Supervised and prepared quarterly & annual FAS109, Fin-48, deferred tax foot notes, international tax compliance & filings (5471, 5472, 1042, 1120F, 8804, 8805, 8813, 8838, 8833, 8848, 8864, 8858, 926, 3520, 1118, 1116), foreign withholdings, capital gains tax, effective tax rate, check- the-box, 8865, 8868, tax treaties, 1041, 1042S, 1041T, Sub part F, foreign tax credits, mergers & acquisitions, restructuring, repatriation and expatriation planning, and reorganizations, section 367.

Established, and advised various clients matters related with GAAP (US, UK & HK & INDIA), IFRS, IAS, company accounting practices, procedures and initiatives, stakeholder reporting, investor relations, private equity ownership, lenders, due diligence and Mergers & Acquisitions.

Devised and implemented federal and state tax planning strategies including Net Operating Loss valuation allowances & effects, state tax liabilities and tax contingencies. Advised Clients on Projects Financing, Corporate Finance, Treasury & Global Risk Management.

Completed & Led payroll audits, multistate sales and use tax audits, excise franchise taxes and SALT compliance, Consolidated Tax Returns of 10-14 subsidiaries. Foreign Withholdings, Transactions Tax, IRS 1441 Compliance & FATCA.

Counselled clients with valuations-related assistance in financial reporting, tax planning and compliance, mergers, acquisitions divestitures, litigation support, restructuring turnaround and valuation of derivatives & equity.

Audited Financial Statements for Credit Unions, Reviewed Loans and Advances in Real Estate more than $2.5B, Internal Audit & reviewed of Applied upon procedures in Banks for loans and Advances & General Ledger Review for various Branches.

Polluci & Kahan CPA PC New York, NY

Senior Tax & Audit Manager 2002 – 2007

Reviewed and prepared reports on audited financial statements, reviewed and compiled financial statements, conducted client engagements consisting of planning, executing, directing and completing both financial audits and operating expense recovery audits for clients’ worth over $1B, Reconciled book to tax income, rent, deferred rent.

Analyzed lease abstracts, rent-rolls, operating exp. recovery, real estate tax escalations, and rent escalations, rent roll verifications per lease abstracts, complex leases, deferred rent schedules and straight line rent per GAAP requirements for real estate clients.

Structured foreign and domestic acquisitions and financing to minimize worldwide taxes and subpart F income while maximizing the use of losses, foreign tax credits 1042 S and foreign withholdings and compliance under various jurisdictions.

Oversaw tax planning and compliance of complicated tax returns involving lease buy outs; capital gains on sale of assets; buildings sales and like kind exchange 1031

Prepared and reviewed 1040, 1065, 1120, 1120F, 990, 990T, 8858, 3520, 8832, 5471,5472,1041,4797, At Risk & Partnerships & Shareholders Basis and Projections. Foreign Withholdings, IRS 1441 compliance, Transactions Tax, Expatriate and Repatriate planning.

Managed, negotiated and complied cash flow & debt covenants on mortgage loans valuing over $1B

“Raj can independently handle any challenging or complicated assignment in tax, audit and internal audit. His strong commitment to perform his duties reflects an excellent commitment to the profession with strong knowledge of federal tax, multistate tax, and international tax, operating expense audits, reviews and compilations.”

Rogoff & Co. CPA PC New York, NY

Senior Tax Audit Manager 2000– 2002

Audited financial statements and filed 10Q, 10K, 8K, mergers & acquisitions decision reports and SEC reporting

Preformed due diligence for the private placement of stocks, mergers & acquisitions of holding and subsidiary corporations

Supervised the firm wide peer review and reviewed the audit and compilations reports

Formulated effective and tax efficient cross border strategies for both US and overseas investments while managing their global structure tax rate, 1042S, Transaction Tax and Foreign withholdings & IRS 1441 compliance.

Advised tax research on issues within the both the domestic and international taxation environment

Administered, guided and trained various personnel on the tax and audit team of the firm

Reviewed and prepared C-Corporation, fiduciary, federal and multistate, gifts, individual, LLC, real estate and S-Corporation tax returns, and Grantor, simple and complex trusts & Puerto Rico withholdings and reporting’s.

Structured acquisitions to minimize the loss limitation rules of section 382 and to maximize the tax advantages of section 338 elections all in an effort to step up the tax basis of acquired companies

Maximized use of tax credits such as foreign title passage while using check the box rule and companywide transfer pricing reviews and promoting efforts for global entity restructuring

“I have yet to find a topic that he cannot demonstrate proficiency in… his perseverance and commitment to learning is terrific.”

Livingston & Wachtel CPA. PC Star Group of Companies New York, NY

Tax Manager Finance & Internal Audit Director 1995 – 1999

Orchestrated international tax compliance, structuring and planning for Canada, Mexico, France, United Kingdom, Hong Kong, Indian subsidiaries and corporations with a gross revenue of $100M to $1.2B

Formulated business plans for projects in Mexico, France, Canada and United Kingdom

Reviewed audit working papers for the manufacturing company with a turnover of $350M

Advised the CEO in the areas of accounting, finance, tax, business strategy, business development and management information system design for the corporation and subsidiaries in Asia and the United Kingdom

Designed financial modeling and other valuation concepts that were applied during acquisitions, investment selection and the evaluation of other business opportunities

Prepared comprehensive Internal audit reports for manufacturing companies with more than 2000 product lines over Asia and North America

Engaged in the internal audit and strengthening of internal controls area for a manufacturing corporation in Asia and distributing in the US, UAE & Hong Kong with a gross revenue of $150M

“Raj Kumbhat’s work was very thorough and reflected sound understanding of federal and multistate tax returns…He was able to quickly and efficiently use the pro- system FX software, performing excellent work with little supervision.”

“I know Raj Kumbhat to be a trustworthy and dependable individual. I was impressed by his knowledge and his attitude to take on any assignment given to him, no matter how complicated or mundane. We happily recommend him to any tax position he seeks.”

Education

Jai Narayan Vyas University (India) – Bachelor of Science in Accounting & Finance

University of Wisconsin – MBA

Member of Institute of Chartered Accountants

Board Member: Licensed International Financial Analysts

Accounting Software Skills

AS 400, Argus, BNA, CCH Pro-FX, Corp. Tax, Check Point research, Creative Solutions, Fast Tax, Go System RS, Great Plains, JD Edwards, Hyperion, Lacerte, MAS90, Microsoft Office Suite, Oracle, One Source, Peachtree, People Soft, Quicken, Quick Books, RIA Thomson Tax Research, Ross, SAP, Solomon & Solomon, Tax Stream, Timberline, Turbo-Tax, Yardi & PPC

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