Benjamin Clement Email & Phone Number

United States, Us

United States, Us

United States, Us

Tax Compliance: Preparation of C-Corp, S-Corp and Partnership Tax Returns (Federal/State) and supporting workpapers. Research/Drafting Memoranda: As needed research related to legal and tax matters, including compensation, retirement distributions, property transactions and values, domicile issues, state apportionment, filing requirements in foreign jurisdictions, transfer pricing, insurance law, ect.

Chicago, Il, Us

Tax Compliance: Preparation of federal and state individual, gift tax, estate and trust income tax returns for high net-worth individuals, creating supporting work papers and schedules to support tax positions; preparation of small business corporate returns. Calculated quarterly estimated tax payments; responded to fed/state noticesTax Planning: Provided year-end tax projections for AMT liability, advised on timing of deductions, grouping partnership interests to increase tax basis and release suspended losses, discussed impact of tax reform for clientsWriting: Drafted memoranda providing analysis of clients' prior year tax returns and proposed actions to obtain additional tax benefits and manage risk. Drafted response letters following state notice of deficiencies, advocating client’s position on return and providing requested informationResearch: At-risk limitation for losses and effect of basis contribution, alternatives to filing grantor trust return and grantor letters, timing issues related 1031 like-kind exchanges and the disposal of a partnership interest Budgeting and Scheduling: Assisted in budgeting engagement and planning scheduled work items to achieve desired actualization

Santa Ana, California, Us

Audit Representation: Reconstructed and presented income statements; mileage logs; bank deposit analysis, documentation of Sch A, C, E expenses; audit reconsideration petitions to exclude income to contest investment basis, to utilize the insolvency exclusion to cancellation of debt income, contest tax treatment of retirement distributionsTax Court and Appeals: Contested Business Use Percentage of Home, Collection Due Process Appeals Hearings for collection activities and taxes and penalties assessed; successfully overturned 6 offer in compromise rejectionsTax Preparation: Prepared/reviewed Federal tax returns for accuracy and audit risk (1040, 940, 941, 1120, 1120s, 1065). Consulted clients on compliance, record keeping and tax reducing strategiesTax Settlements: Saved over $3.5 million in taxes for over 100 clients through the IRS Offer in Compromise program. Saved over $100,000 through penalty abatementsIRS Collections Representation: Negotiated IRS collection resolutions including various installment agreements, Currently not Collectible status, Innocent and Injured Spouse requests, lien subordinations with ACS, Revenue Officers, Appeals Officers, COIC unitManagement: Managed team of 25 tax attorneys and enrolled agents; trained new professionals; conducted monthly pro meetings; quarterly performance reviews; reviewed cases prior to closing; proposed and implemented new protocols to improve efficiency, quality and oversight; taught CTEC tax course; consulted management and quality assurance team on cases; helped scale company from 14 to over 500 employeesComputer

San Diego, Ca, Us

Low Income Federal Tax Clinic: Represented 16 low-income taxpayers before the IRS managing all aspects of the case.Met with and advised client on various resolution options, including offers in compromise, installment agreements, audit reconsiderations and currently not collectible status.Drafted legal memorandum for appeals officer on california law regarding cancellation of debt income and debt collector's rights; 1099-C cancelled.Presented Powerpoint presentations regarding the USD tax clinic ata various community outreach events

Legal research of personal/corporate state tax issues: domicile/residency, economic substance/sham transaction transactionsDrafted a 30-page bench memo regarding Sprint Spectrum's lease-back transaction and eligibility for stock-in-trade exemption from Massachusetts state property tax liability

Ll.M., Master Of Laws In Taxation

Juris Doctorate, Law

International Law And Legal Studies

Bachelor Of Arts (B.A.), Economics