Internal Audit Dispute Resolution

Timothy E. Drake, Master of Accounting, IRS Enrolled Agent

Naples, FL 239-***-**** **********@***.***

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Key Skills

Mediator Dispute Resolution Initial Consultation & Case Evaluation Tax Representation Offer Compromise

Installment Agreements Currently Not Collectible Penalty Abatement Audit Representation Liens Levies Release

Tax Preparation Financial Reporting Internal Audit Compliance to tax laws and regulations Researching Tax Laws

Internal Audit Department Initial Startup First National Bank of Naples has assets of over nine hundred million. Professional Experience

Tax Resolution Specialist: Mediator Dispute Resolution (Remote). CPA FIRM ABA, LLC July 2017-December 2023 CPA Firm Name Changed to TAL, LLC (Bankruptcy January 2024 – March 2025

Tax Resolution Specialist (Abated 1M+ Penalties and Interest) Mediator Dispute Resolution: Case evaluation of the taxpayer’s situation, including outstanding tax debts, IRS notices, or audits. Thorough review of taxpayer’s financial records, tax returns, and IRS account to understand the full scope of the tax issues. To accurately determine the amount owed, identify any discrepancies, and apply all eligible credits or deductions.

Tax Representation: Federal, States, Counties, and Cities, tax issues, audits, collections, and appeals (Ensuring GAAP).

California Franchise Tax Board Authorized Representative: tax issues, audits, collections, and appeals.

Offer in Compromise (OIC): Engaging in negotiations with the IRS to reach a settlement that reduces the debt to an amount less than currently owed. To secure an affordable settlement for the taxpayer if they qualify under the IRS criteria for financial hardship.

Installment Agreement Setup: Arranging a long-term installment payment plan with IRS. To make tax debt more manageable by spreading payments over time, often with reduced penalties or interest.

Currently Not Collectible (CNC) Suspension of collection activity due to financial hardship, where the taxpayer is unable to pay. To temporarily stop IRS collection efforts, such as wage garnishments or levies, until the taxpayer’s financial situation improves.

Penalty Abatement: Reduce or eliminate penalties (e.g., failure-to-file, failure-to-pay) imposed by the IRS. Decrease the overall tax liability by having penalties removed, typically due to reasonable causes or errors on the part of the IRS.

Audit Representation: Representing the taxpayer during an IRS State audits, including preparing documentation and managing all communication with auditors.

Liens/Levies Release/Reinstate Drivers Licenses: Release or remove tax liens or levies placed by IRS State authorities. Stop the seizure of assets or property and restore the taxpayer’s ability to sell or refinance. Speed up reinstating suspended or revoked driver licenses.

Tax Preparation: Federal Form(s) 1120, 1120s, 1120 H, 1065, 1040, 1040NR, 4562, 8865. Financial Reporting (Controller). TEDRAKE TAX CONSULTING LLC May 2011 – Present

Research and communication guidance: Ensure legal compliance with all federal & state agencies regarding Income Tax reporting, Sales and use Tax for multi-states, Annual Reports, Property Tax, Corporate Licenses, and other filings, as necessary.

Financial Reporting (Controller) Collaborate closely with owners and accounting personnel to gather proper and accurate accounting documentation supporting general ledger. Planning, directing, and coordinating, all accounting operational functions. Implemented an internal control system to monitor the accuracy of accounting records. Assist in general ledger, account reconciliation, expense reports and fixed assets reports. Implement entity ‘s accounting policies and procedures. Analyze and report business operational trends. Assist in preparing monthly transactions, journal entries and conducted monthly closings. Coordinated financial planning and reporting, as well as researched and communicated guidance with clients and advisors including CPAs, attorneys, and spouses. regarding documentation advice, recordkeeping requirements and tax return filings. Ensured legal compliance with all federal & state agencies regarding Income Tax reporting. Prepared Sales/Use Tax for multi-states, Annual Reports, Property Tax multi-states, Corporate Licenses, and other filings, as necessary.

Timothy E. Drake, Master of Accounting, IRS Enrolled Agent Naples, FL 239-***-**** **********@***.***

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Tax Preparation: Federal Form(s) 1120, 1120s, 1120 H, 1065, 1040, 1040NR, 4562, 8865. Wiebel, Hennels & Carufe CPAs November 2008 – May 2010 Research and communication guidance; ensure legal compliance with all federal & state agencies with regards to Income Tax reporting, Sales/Use Tax for multi-states, Annual Reports, Property Tax, Corporate Licenses, and other filings, as necessary. Initial setup software Pro System Tax Notebook online tax organizer for the firm.

Specialized Aviation Tax & Accounting Managed four hundred clients (multi-states) 85% 1065, 5% 1120, 5% 1120 S, 5% Sch C. Advocate Consulting, CPA Firm November 1999 – November 2008 Communicated with clients and advisors (CPA, attorneys) to maximize federal, state income tax savings and minimized sales and use tax for aircraft operators. Coordinated startup of the new entity by identifying the proper entity structure to own the aircraft. Guidance in specific aircraft tax accounting, and recordkeeping requirements. Prepared Federal and State income tax returns, related K-1s, Schedule M-3, Sales/Use Tax, Property Tax, Annual Reports, and Corporate Licenses. Assisted client’s CPA’s and in-house accounting staff in reviewing general ledger accounts, preparing adjusting journal entries, preparing supporting papers, and preparing financial statement presentations. Calculating Aircraft Depreciation and Standard Industry Fare Level calculation (SIFL) is the rate set by the Department of Transportation.

Independent National Bank Internal Auditor Conducting risk-based compliance audits and internal control audits. Community Bank Internal Audit Inc. July 1998 – November 1999 Through engagements such as internal audits, special projects

(Federal reporting-mapping financials to call report/Y9), compliance consulting, and loan reviews. Independently conducting risk- based compliance audits and internal control audits to ensure that procedures and internal controls support provisions of policy and that regulatory requirements are adhered to governing topics such as Bank Secrecy Act Compliance Privacy, Deposit, Regulatory Compliance and Lending regulations. Prepared audit reports and tracked findings along with management responses to ensure proper and timely correction of audit findings. Assisted preparing and mapping call reports Y9 for federal filings. Assistant Controller Financial Reporting.

Lippert Tire & Axle Inc. Jul 1997 – Jun 1998 Manufacturing company refurbishing mobile home axles – 5 plants. Managed daily activities of a corporate accounting group. Preparation of monthly consolidated financial statements (5 plants) and related supporting and trend analysis. Traveled to five states, audited general ledger, bank reconciliation and inventory physical count. Controller Financial Reporting.

Phoenix Plastic Inc. Oct 1994 – Jun 1997 Manufacturing specialized in hypodermic needles for medical industries. Managed daily activities of a corporate accounting group. Preparation of monthly consolidated financial statements (5 plants) and related supporting and trend analysis.

National Bank Internal Auditor Ensuring the integrity, accuracy, and compliance of banking operations. First National Bank of Naples October 1990 – September 1994 Initial startup first National Bank of Naples internal audit department nine hundred million assets. Monitored regulatory compliance matters. Developed an annual audit plan based on risk assessments, requirements, and strategic business objectives. Conducted audits in branch operations, credit administration, treasury functions, IT systems, and regulatory compliance. Ensured compliance with all applicable federal and state banking laws, and regulations.

Authorization Certification

IRS Authorized Enrollment to Practice Before the IRS (PTIN) Expiration Date 03/31/2026.

IRS Authorization Assigned Centralized Authorization File Number (CAF) July 2017 – Present.

Financial Crimes Enforcement Network (FinCen) Identification Assigned reporting Beneficial Ownership Information (BOI).

California Franchise Tax Board (FTB) Authorization July 2017 – Present.

National Bank Internal Auditor Certification (ICBA) October 1990 – September 1994. Education

Master of Accounting – International College, Naples, FL Graduate May 1993

Bachelor of Science in Accounting-University of Maryland, College Park, MD Graduate May 1986 Software Tax LACERTE Write-up QuickBooks Real estate APP Folio Construction American Contractor Bank Internal Audit Dimension Excel Platform Customer Relationship Management (CRM) References: William King (Former owner ABA LLC) 865-***-**** Russel Ansley, CPA (Former KPMG manager) 239-***-****.

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