John Phelan, Cpa, Mba Email & Phone Number

New York, Ny

Expert in Inbound and Outbound International Taxation.• Review multi-state corporate tax returns for US subsidiaries of foreign corporations.• Review partnership & limited liability company tax returns for international clientele.• Perform in depth tax research on complex topics and provide tax advice to international clientele on both inbound and outbound tax issues. Inbound issues include questions related to US tax reporting obligations, multi-state corporate taxation, partnership taxation, employee stock options, sales of US assets including real estate, Section 1031 exchange transactions, state sales tax nexus and obligations, treatment of net operating losses, US tax withholding requirements, Section 351 reorganization et al. Outbound issues include questions related to investments in controlled foreign corporations, controlled foreign partnerships, and passive foreign investment companies held by resident corporations and individuals.• Perform tax planning and prepare returns for high net worth international tax clients.

Providing comprehensive and expert accounting, financial reporting, financial analysis, and tax compliance/consulting service to high net worth clients.• Advised ultra high net worth client on conversion of Traditional IRA to Roth IRA with resulting expected gain in excess of $1,000,000.• Created Roth IRA conversion algorithm adopted by financial planning department of major international bank.• Organized and installed personal high net worth client accounting (including real property accounting) and related entity accounting on QuickBooks Online.• Set up multiple year cash budget for Chief Executive Officer of Multi-national Corporation.• Advised French National at Diplomatic Mission on US & French Tax reporting requirements entailing communication with French and US taxing authorities, and interpretation of tax treaty and French and US tax codes.

• Created or improved financial statements, performance reports, budgets and other financial reports issued to high net worth clientele.• Prepared and reviewed timely filed and accurately prepaid tax returns for high net worth clientele and their related entities.• Provided tax research that supported viable or advantageous tax positions adopted in high net worth client tax returns.• Successfully completed government audits with limited or no adjustments, negotiated tax payment deferrals and extended payment plans, and resolved tax notices, while limiting tax penalties, for high net worth clientele.• Provided in-depth litigation support that obviated more aggressive legal action by counter plaintiff, which saved high net worth client significant sums in the form of legal fees and debt repayment.• Served effectively as high net worth client point person for contact with client, client internal accountant, and client attorneys, bankers, investment managers, and other client service professionals.• Managed and administered critical and time sensitive high net worth client affairs in the US and in France.• Supervised accountants, financial analysts, and bookkeepers.

• Prepared multistate consolidated tax returns for Rolex Watch USA and Franco Steel Corporation.

Paris (1990-1993)• Audited a variety of French companies, and issued French audit reports.• Acquired significant knowledge of French auditing techniques, accounting principles, and tax regulations.New York, NY (1989 – 1990)• Audited and prepared financial reporting for French subsidiaries in the United States, including Petrossian Inc.• Supervised staff accountants and bookkeepers.

• Audited a broad range of companies including the U.S. subsidiary of a major foreign manufacturer of luxury jewelry items, a commodities trading company, a Wall Street specialist trader and broker/dealer, a fabric importer, and a college.

• Organized & created an accounting system and department, including management of accounting software installation, for oil and gas exploration company, well services company and related oil and gas limited partnerships.• Set up financial reporting for companies and limited partnerships including SEC 10K reports.• Timely filed oil and gas limited partnership tax returns.• Supervised accounting department staff.