Richard Mandelsohn has over 30 years of public accounting experience, at one time leading the Firm’s Tax and Estate Planning Practice. He was responsible for providing tax planning and compliance services to closely held businesses and estates. Richard is a specialist in the tax-free exchanges of real estate and the proper structuring of business acquisitions and liquidations.
Richard’s background includes seven years of experience with a “Big Four” accounting firm. He has frequently been quoted and interviewed by news publications on various tax-related issues. A member of the American Institute of CPAs and the California Society of CPAs, Richard is the Past President of the San Fernando Valley Estate Planning Council.
Richard earned a Master of Science degree in Engineering from the University of Connecticut and a Master of Arts degree in Accounting from the California State University in Northridge.
If your business has co-owners, you probably need a buy-sell agreement
/in Tax/by KKB CPAsFor most business co-owners, the value of their business shares comprises a big percentage of their estates. Having a buy-sell agreement protects co-owners and their heirs and helps avoid hassles with the IRS. Continue Reading If your business has co-owners, you probably need a buy-sell agreement
Consider borrowing from your corporation but structure the deal carefully
/in Tax/by KKB CPAsClosely held corporation owners: If you need money for personal expenses like a new car or home improvements, consider borrowing from the business. But follow these tips to avoid adverse tax consequences. Continue Reading Consider borrowing from your corporation but structure the deal carefully
SECURE 2.0: Which provisions went into effect in 2024?
/in Tax/by KKB CPAsNow is the time to get up to speed on 2024 SECURE 2.0 changes. Here are several to consider. Continue Reading SECURE 2.0: Which provisions went into effect in 2024?