Certified Public Accountants
Education Tax Benefits: Savings Plans
Feb 22nd
Whether you are saving for your children or looking into higher education for yourself, the IRS recently published some excellent information about tax benefits for education. This is the fourth of five posts related to this topic and deals exclusively with options for savings plans for education. Certain savings plans can allow the accumulated interest to grow tax-free until money is taken out (known as a distribution), or allow the distribution to be tax-free, or both.
529 Plans
States sponsor 529 plans — qualified tuition programs authorized under section 529 of the Internal Revenue Code — that allow taxpayers to either prepay or contribute to an account for paying a student’s qualified higher education expenses. Similarly, colleges and groups of colleges sponsor 529 plans that allow them to prepay a student’s qualified education expenses. These 529 plans have, in recent years, become a popular way for parents and other family members to save for a child’s college education. Though contributions to 529 plans are not deductible, there is also no income limit for contributors.
529 plan distributions are tax-free as long as they are used to pay qualified higher education expenses for a designated beneficiary. Qualified expenses include tuition, required fees, books and supplies. For someone who is at least a half-time student, room and board also qualify.
For 2009 and 2010, an ARRA change to tax-free college savings plans and prepaid tuition programs added to this list expenses for computer technology and equipment or Internet access and related services to be used by the student while enrolled at an eligible educational institution. Software designed for sports, games or hobbies does not qualify, unless it is predominantly educational in nature. In general, expenses for computer technology are not qualified expenses for the American opportunity credit, Hope credit, lifetime learning credit or tuition and fees deduction.
Coverdell Education Savings Account
This account was created as an incentive to help parents and students save for education expenses. Unlike a 529 plan, a Coverdell ESA can be used to pay a student’s eligible k-12 expenses, as well as post-secondary expenses. On the other hand, income limits apply to contributors, and the total contributions for the beneficiary of this account cannot be more than $2,000 in any year, no matter how many accounts have been established. A beneficiary is someone who is under age 18 or is a special needs beneficiary.
Contributions to a Coverdell ESA are not deductible, but amounts deposited in the account grow tax free until distributed. The beneficiary will not owe tax on the distributions if they are less than a beneficiary’s qualified education expenses at an eligible institution. This benefit applies to qualified higher education expenses as well as to qualified elementary and secondary education expenses.
Here are some things to remember about distributions from Coverdell accounts:
- Distributions are tax-free as long as they are used for qualified education expenses, such as tuition and fees, required books, supplies and equipment and qualified expenses for room and board.
- There is no tax on distributions if they are for enrollment or attendance at an eligible educational institution. This includes any public, private or religious school that provides elementary or secondary education as determined under state law. Virtually all accredited public, nonprofit and proprietary (privately owned profit-making) post-secondary institutions are eligible.
- Education tax credits can be claimed in the same year the beneficiary takes a tax-free distribution from a Coverdell ESA, as long as the same expenses are not used for both benefits.
- If the distribution exceeds qualified education expenses, a portion will be taxable to the beneficiary and will usually be subject to an additional 10% tax. Exceptions to the additional 10% tax include the death or disability of the beneficiary or if the beneficiary receives a qualified scholarship.
For more information, see Tax Tip 2008-59, Coverdell Education Savings Accounts. Stay tuned for the final Gumbiner Savett Inc. post about “Scholarships and Fellowships”.
Education Tax Benefits: Deductions
Feb 15th
Whether you are saving for your children or looking into higher education for yourself, the IRS recently published some excellent information about tax benefits for education. This is the third of five posts related to this topic and deals exclusively with more options for tax deductions for education.
Qualified Education Expenses
For purposes of the student loan interest deduction, these expenses are the total costs of attending an eligible educational institution, including graduate school. They include amounts paid for the following items:
- Tuition and fees.
- Room and board.
- Books, supplies and equipment.
- Other necessary expenses (such as transportation).
The cost of room and board qualifies only to the extent that it is not more than the greater of:
- The allowance for room and board, as determined by the eligible educational institution, that was included in the cost of attendance (for federal financial aid purposes) for a particular academic period and living arrangement of the student, or
- The actual amount charged if the student is residing in housing owned or operated by the eligible educational institution.
Business Deduction for Work-Related Education
If you are an employee and can itemize your deductions, you may be able to claim a deduction for the expenses you pay for your work-related education. Your deduction will be the amount by which your qualifying work-related education expenses plus other job and certain miscellaneous expenses is greater than 2% of your adjusted gross income. If you are self-employed, you deduct your expenses for qualifying work-related education directly from your self-employment income. This may reduce the amount of your income subject to both income tax and self-employment tax.
Your work-related education expenses may also qualify you for other tax benefits, such as the tuition and fees deduction and the Hope and lifetime learning credits. You may qualify for these other benefits even if you do not meet the requirements listed above. To claim a business deduction for work-related education, you must:
- Be working.
- Itemize your deductions on Schedule A (Form 1040 or 1040NR) if you are an employee.
- File Schedule C (Form 1040), Schedule C-EZ (Form 1040), or Schedule F (Form 1040) if you are self-employed.
Education Required by Employer or by Law
Education you need to meet the minimum educational requirements for your present trade or business is not qualifying work-related education. Once you have met the minimum educational requirements for your job, your employer or the law may require you to get more education. This additional education is qualifying work-related education if all three of the following requirements are met:
- It is required for you to keep your present salary, status or job.
- The requirement serves a business purpose of your employer.
- The education is not part of a program that will qualify you for a new trade or business.
Education to Maintain or Improve Skills
If your education is not required by your employer or the law, it can be qualifying work-related education only if it maintains or improves skills needed in your present work. This could include refresher courses, courses on current developments and academic or vocational courses.
Stay tuned for the next Gumbiner Savett Inc. post about “Savings Plans”.
New Fee Disclosure Rules for 401(k) Plans
Feb 13th
The Department of Labor (DOL) has provided a strong set of new regulations governing the disclosure of 401(k) plan fees and associated costs. These requirements help plan fiduciaries, plan participants, and beneficiaries to better manage participant-directed individual account plans.
The following is an overview of the new regulations:
Service provider disclosure to plan fiduciaries, current and prospective clients
Fiduciaries and record-keepers will need to:
- Provide a summary of the services provided to the plan
- Fees associated with those services
Plan fiduciaries should use this information to determine whether the fees charged for services rendered to the plan and its participants are “reasonable.”
Employer disclosure to plan participants and beneficiaries
Employers who sponsor certain qualified retirement plans will need to:
- Provide participants and beneficiaries with a Fee Disclosure Statement for Participants
The fee disclosure is intended to make the participant/beneficiary aware of his or her rights and responsibilities, as well as any fees that may be charged, allowing him or her to make informed decisions regarding the management of their account.
Currently, the client level fee disclosure requirements must be met by service providers no later than April 1, 2012, and plan sponsors must provide participant-level fee disclosures by May 31, 2012.
- Valerie Colin, Senior Vice President at Gumbiner Savett Inc.
Education Tax Benefits: Deductions
Feb 8th
Whether you are saving for your children or looking into higher education for yourself, the IRS recently published some excellent information about tax benefits for education. This is the second of 5 posts related to this topic and deals exclusively with options for tax deductions for education, which reduces the amount of your income that is subject to tax, thus generally reducing the amount of tax you may have to pay.
Tuition and Fees Deduction
You may be able to deduct qualified education expenses paid during the year for yourself, your spouse or your dependent. You cannot claim this deduction if your filing status is married filing separately or if another person can claim an exemption for you as a dependent on his or her tax return. The qualified expenses must be for higher education.
The tuition and fees deduction can reduce the amount of your income subject to tax by up to $4,000. This deduction, reported on Form 8917, Tuition and Fees Deduction, is taken as an adjustment to income. This means you can claim this deduction even if you do not itemize deductions on Schedule A (Form 1040). This deduction may be beneficial to you if, for example, you cannot take the lifetime learning credit because your income is too high.
You may be able to take one of the education credits for your education expenses instead of a tuition and fees deduction. You can choose the one that will give you the lower tax.
Generally, you can claim the tuition and fees deduction if all three of the following requirements are met:
- You pay qualified education expenses of higher education.
- You pay the education expenses for an eligible student.
- The eligible student is yourself, your spouse, or your dependent for whom you claim an exemption on your tax return.
You cannot claim the tuition and fees deduction if any of the following apply:
- Your filing status is married filing separately.
- Another person can claim an exemption for you as a dependent on his or her tax return. You cannot take the deduction even if the other person does not actually claim that exemption.
- Your modified adjusted gross income (MAGI) is more than $80,000 ($160,000 if filing a joint return).
- You were a nonresident alien for any part of the year and did not elect to be treated as a resident alien for tax purposes. More information on nonresident aliens can be found in Publication 519, U.S. Tax Guide for Aliens.
- You or anyone else claims an education credit for expenses of the student for whom the qualified education expenses were paid.
Student-activity fees and expenses for course-related books, supplies and equipment are included in qualified education expenses only if the fees and expenses must be paid to the institution as a condition of enrollment or attendance.
Student Loan Interest Deduction
Generally, personal interest you pay, other than certain mortgage interest, is not deductible on your tax return. However, if your modified adjusted gross income (MAGI) is less than $75,000 ($150,000 if filing a joint return), there is a special deduction allowed for paying interest on a student loan (also known as an education loan) used for higher education. Student loan interest is interest you paid during the year on a qualified student loan. It includes both required and voluntary interest payments.
For most taxpayers, MAGI is the adjusted gross income as figured on their federal income tax return before subtracting any deduction for student loan interest. This deduction can reduce the amount of your income subject to tax by up to $2,500.
The student loan interest deduction is taken as an adjustment to income. This means you can claim this deduction even if you do not itemize deductions on Form 1040′s Schedule A.
Stay tuned for the next Gumbiner Savett Inc. post about more “Education Deductions”.
Understanding Construction Multistate Sales and Use Tax Issues
Feb 6th
Over the last few years, the recession has caused many construction companies to step out of their comfort zones just to stay 
competitive. For some, this means taking on larger projects or new types of work. For others, it means expanding into other states or even exploring international options.
If you do business in several states, it’s critical to understand how each state’s sales and use tax laws will affect your business. Please note: Multistate tax issues are complex — particularly in the construction industry — so a detailed explanation is well beyond the scope of this article. Our intention here is to help illustrate the importance of examining these issues before you bid on an out-of-state project.
Know your costs
As you know, accurate estimates are essential to a contractor’s success. One mistake can make the difference between a profitable job and a loser. Before you take on work in another state, it’s important to understand how that state’s tax laws differ from those in your home state.
Getting a handle on multistate tax issues will help you avoid underestimating your tax costs on a job. It may also help you identify opportunities to reduce your tax bill.
Avoid the traps
Sales and use tax laws and regulations can vary widely from state to state, and these differences can create traps for the unwary. In most states, contractors are treated as the ultimate consumers of building materials that are incorporated into a construction project. This means that the contractor pays sales or use tax on its materials purchases and treats those taxes as a cost of doing business that’s passed on to the customer.
In a handful of states, however, construction services are subject to sales tax. In those states, the contractor collects sales tax from its customer on the gross proceeds under the contract. Because the customer is treated as the ultimate consumer in these states, the contractor’s materials purchases are tax-exempt.
Many states also require contractors to collect sales tax from their customers under “retail sale plus installation” contracts. These are contracts under which materials are separately described, itemized and priced. The customer receives title to materials (and assumes the risk of loss) when they’re delivered to the job site.
Understand the differences
States also differ in their treatment of contracts with tax-exempt entities. All sales to the U.S. government are tax-exempt, while many states also exempt sales to certain state and local government agencies and certain not-for-profit organizations.
In some states, provided certain requirements are met, a contractor that purchases materials for a contract with a tax-exempt entity can take advantage of the customer’s exemption and avoid sales and use taxes altogether. In others, materials are tax-exempt only if the entity purchases them directly. In those states, you may be able to avoid taxes by having your customer supply the materials rather than purchasing them yourself.
Plan carefully
If you’re expanding the geographical reach of your business to other states, plan carefully to ensure that you estimate your costs accurately. Only by familiarizing yourself with the tax laws in these states can you determine whether you’ll need to collect sales and use taxes from your customer, pay the tax yourself and incorporate the cost into your bid, or take steps to qualify for an exemption.
As mentioned above, this article is meant to provide just a few examples of the risks and opportunities associated with multistate sales and use taxes. Your tax advisor can help you deal with the many complexities involved, as well as provide assistance with multistate issues associated with other taxes, such as income and franchise taxes.
By Ray Blatt, Principal, State and Local Tax at Gumbiner Savett Inc.
Education Tax Benefits: There is Something for Everyone
Feb 1st
Whether you are saving for your children or looking into higher education for yourself, the IRS recently published some excellent information about tax benefits for education. There are several areas that someone can take advantage of including: credits, deductions, savings plans and scholarships. This is the first of 5 posts related to this topic and deals exclusively with options for tax credits for education, which can help reduce the amount of income tax you have to pay each spring.
American Opportunity Credit
Under the American Recovery and Reinvestment Act (ARRA), more parents and students qualify for a tax credit, the American opportunity credit, to pay for college expenses.
The American opportunity credit originally modified the existing Hope credit for tax years 2009 and 2010, and was later extended for an additional two years – 2011 and 2012, making the benefit available to a broader range of taxpayers, including many with higher incomes and those who owe no tax. It also adds required course materials to the list of qualifying expenses and allows the credit to be claimed for four post-secondary education years instead of two. Many of those eligible qualify for the maximum annual credit of $2,500 per student.
The full credit is available to individuals whose modified adjusted gross income is $80,000 or less, or $160,000 or less for married couples filing a joint return. The credit is phased out for taxpayers with incomes above these levels. These income limits are higher than under the existing Hope and lifetime learning credits.
Special rules applied to students attending college in a Midwestern disaster area for tax-year 2009, only, when taxpayers could choose to claim either a special expanded Hope credit of up to $3,600 for the student or the regular American opportunity credit.
If you have questions about the American opportunity credit, these questions and answers might help. For more information, see American opportunity credit.
Lifetime Learning Credit
The lifetime learning credit helps parents and students pay for post-secondary education.
For the tax year, you may be able to claim a lifetime learning credit of up to $2,000 for qualified education expenses paid for all students enrolled in eligible educational institutions. There is no limit on the number of years the lifetime learning credit can be claimed for each student. However, a taxpayer cannot claim both the Hope or American opportunity credit and lifetime learning credits for the same student in one year. Thus, the lifetime learning credit may be particularly helpful to graduate students, students who are only taking one course and those who are not pursuing a degree.
Generally, you can claim the lifetime learning credit if all three of the following requirements are met:
- You pay qualified education expenses of higher education.
- You pay the education expenses for an eligible student.
- The eligible student is either yourself, your spouse or a dependent for whom you claim an exemption on your tax return.
If you’re eligible to claim the lifetime learning credit and are also eligible to claim the Hope or American opportunity credit for the same student in the same year, you can choose to claim either credit, but not both.
If you pay qualified education expenses for more than one student in the same year, you can choose to take credits on a per-student, per-year basis. This means that, for example, you can claim the Hope or American opportunity credit for one student and the lifetime learning credit for another student in the same year.
Stay tuned for the next Gumbiner Savett Inc. post about “Education Deductions”.
Avoid Risks in Your Estate Planning
Jan 30th
There’s no law that says you can’t prepare your own estate plan. But unless your estate is small and your plan is exceedingly simple, the pitfalls of do-it-yourself estate planning can be many.
The following discussion applies equally for those who already have an estate plan put into place by a qualified estate and trust attorney. It is highly recommended that your will and trust documents be reviewed by a qualified tax professional at least every 2 to 3 years, particularly in light of the significant changes in the tax laws that have occurred in recent years and that are expected to occur in the future.
Dotting the i’s and crossing the t’s
A common mistake people make with estate planning is to neglect the formalities associated with the execution of wills and other documents. Rules vary from state to state regarding the number and type of witnesses who must attest to a will and what, specifically, they must attest to.
Also, states have different rules about interested parties (that is, beneficiaries) serving as witnesses to a will or trust. In many states, interested parties are ineligible to serve as witnesses. In others, an interested-party witness triggers an increase in the required number of witnesses (from two to three, for example).
Keeping abreast of tax law changes
Legislative developments during the last several years demonstrate how changes in the tax laws from one year to the next can have a dramatic impact on your estate planning strategies. Do-it-yourself service providers don’t offer legal or tax advice — and provide lengthy disclaimers to prove it. Thus, they cannot be expected to warn users that tax law changes may adversely affect their plans.
Consider this example: In 2003, Dave used an online service to generate estate planning documents. At the time, his estate was worth $2 million and the federal estate tax exemption was $1 million.
Dave’s plan provided for the creation of a trust for the benefit of his children, funded with the maximum amount that could be transferred free of federal estate tax, with the remainder going to his wife, Ann. If Dave died in 2003, for example, $1 million would have gone into the trust and the remaining $1 million would have gone to Ann.
Suppose, however, that Dave dies in 2011, when the federal estate tax exemption has increased to $5 million and his estate has grown to $4 million. Under the terms of his plan, the entire $4 million — all of which can be transferred free of federal estate tax — will pass to the trust, leaving nothing for Ann.
The outcome might be even worse if Dave lives in a state that has “decoupled” from the federal exemption. If, for example, the applicable state exemption is $2 million, half of the money transferred to the trust will be subject to state estate tax.
While even a qualified professional couldn’t have predicted in 2003 what the estate tax exemption would be at Dave’s death, he or she could have structured a plan that would provide the flexibility needed to respond to tax law changes.
Don’t try this at home
These are just a few examples of the many pitfalls associated with do-it-yourself estate planning. To ensure that you achieve your estate planning objectives, it’s important to have your documents prepared by a qualified attorney. Then, have your accounting professionals review your plan periodically to be sure it’s up to date.
- Morrey Weitz, Principal at Gumbiner Savett Inc.
ESOPs – A Multifaceted Strategy for Your Manufacturing Business
Jan 25th
Corporate finance, employee benefits and succession planning likely are key issues you have to contend with as an owner of a manufacturing company. Did you know that there’s a multifaceted strategy that can handle all three issues? It’s the employee stock ownership plan (ESOP). But before getting too excited about ESOPs, it’s important to learn their drawbacks as well as their benefits.
ESOP ABCs
An ESOP is a qualified retirement plan that’s similar to a profit-sharing plan, except it enables employees to own part of the company that employs them.
To create an ESOP, your company sets up a trust and contributes new shares of its stock to it. You also can contribute cash, which is then used to buy shares from existing owners. The trust, the legal owner of the stock, is overseen by a trustee appointed by your company’s board of directors to operate in the interest of the employees.
Your company then makes annual, tax-deductible contributions to the ESOP. These contributions fund employee retirement accounts within the trust.
There are two types of ESOPs:
Unleveraged: With an unleveraged ESOP, a company sets up a retirement trust and contributes to it. The trust uses this money to buy new or existing shares of the company’s stock. A leveraged ESOP, on the other hand, borrows money from a financial institution and uses those funds to buy new or existing shares. The company then makes cash contributions to the plan to repay principal and interest on the loan over a period of years.
Leveraged: Leveraged ESOPs can particularly suit an owner of a private manufacturing company who’s looking to sell all or part of his or her business while keeping it in the hands of existing owners, family members, management or employees.
On the plus side …
- Selling equity to employees allows you to cash out your investment while deferring tax on any capital appreciation.
- Contributions made by your company to service the ESOP loan are deductible (within certain limits), and the transaction essentially allows the company to deduct the entire principal and interest on the loan repayment if it has a leveraged ESOP.
- Dividends paid on the ESOP shares also may be tax deductible. As the loan is paid down, shares are allocated to participants’ accounts within the ESOP. Employees may be able to treat a substantial portion of their distributions as long-term capital gain rather than as ordinary income.
On the minus side …
- You can use an ESOP only if your manufacturing company is structured as a C or S corporation. Partnerships or professional corporations typically aren’t eligible.
- With unleveraged ESOPs, a private company must repurchase a departing employee’s shares. Thus, the business must have cash reserves available for the purchase, which could be a significant expense if a large number of workers were to quit or retire at the same time. Moreover, when the company issues new shares, the ownership percentage of existing owners is reduced.
- In addition to dealing with the large initial investment and yearly fees, you’ll face annual filing and maintenance requirements of various IRS forms as well as compliance with rules and regulations specified by the Employee Retirement Income Security Act. ESOP administrators also must accept fiduciary responsibility, with all its inherent liability, for handling plan-related transactions properly.
Is an ESOP right for you?
An ESOP can be an effective way of transferring ownership of your business while meeting retirement and business goals, but you need to consider potential drawbacks. Before you establish an ESOP, weigh your options carefully and discuss it with your tax advisor and a qualified independent appraiser.
- Michael Savoy, Managing Director at Gumbiner Savett Inc.
Net-Basis Elections Can Reduce Tax Burden of Foreign Investments in U.S. Property
Jan 16th
Foreign corporations and other non-residents who invest in U.S. real property may benefit from the net-basis elections permitted by Sections 871(d) and 882(d) of the Internal Revenue Code. A foreign person who is not engaged in a U.S. trade or business (e.g., a single real property leased on a triple-net basis) will generally suffer a flat 30 percent withholding tax on U.S.-source gross rent receipts. If this rental activity, however, constitutes a U.S. trade or business, the net rental income will be taxed as income that is effectively connected with a U.S. trade or business at graduated rates. Often, it is difficult to determine whether or not an investor’s real estate activities rise to a level consistent with the conduct of a U.S. trade or business.
To mitigate this uncertainty, a Section 871(d) or 882(d) election (or treaty equivalent) will generally treat all U.S. real property income of the taxpayer as effectively connected income regardless of whether the rental activities in fact constitute a trade or business under the general rules. Because the election allows the nonresident to deduct depreciation, real estate taxes, and other expenses related to the real property from the gross rent to determine the net income subject to tax, in many situations, the net-basis method of taxation will result in a lower effective rate than the flat 30 percent tax. Often these expenses exceed income and therefore no U.S. tax is due. The effect of the net election is limited to treating all U.S. real property income of the taxpayer as effectively connected income. It does not cause the taxpayer to be engaged in an actual trade or business in the United States.
To be eligible for the election, the foreign corporation or the nonresident alien individual must derive gross income during the taxable year from U.S. real property (or from an interest therein) and, in the case of a nonresident alien individual, the property must be held for the production of income.
The election cannot be made with respect to the following types of income:
- Interest on a debt obligation secured by a mortgage on U.S. real property;
- Any portion of a dividend paid by a corporation or a trust, such as a real estate investment trust, that derives income from real property;
- In the case of nonresident alien individual, income from real property, such as a personal residence, that is not held for the production of income or from any transaction in such property that was not entered into for profit;
- Certain rentals from personal property, or certain royalties from intangible personal property;
- Income that is otherwise treated as effectively connected for the taxable year with the conduct of a trade or business in the United States.
The election for the first applicable taxation year can be made, without consent of the Commissioner, at any time before the expiration of the statute of limitations for filing a refund claim. Once made, the election remains in effect for all subsequent taxation years and can be revoked only with the consent of the Commissioner unless it is revoked before the statute of limitations for filing a refund claim expires.
An income tax treaty to which the United States is a party may also contain similar provisions that permit the making of a net election.
When making the net election, a foreign corporation should consider the effect that making the election might have on the treatment of net operating losses and other losses incurred by the entity and the imposition of both the branch profits tax and the excess interest tax on its U.S. operations. In general, seek the advice of an international tax specialist.
This article was published by Commercial Property Executive and can be found here.
- Cindy Spetalnick, Principal at Gumbiner Savett Inc.
Barbara Rosenbaum Addresses “Conquering Your Fears” at TeleSeminar
Jan 11th
Barbara Rosenbaum, a senior partner at Gumbiner Savett, Inc., and a long-time advocate of women’s advancement in the accounting and financial industry, will participate as a guest speaker in a January 18, 2012 TeleSeminar series presented by Women’s Wisdom Exchange. Rosenbaum’s participation, part of the seminar’s “Dialogue with Extraordinary Women,” focuses on her professional and personal experiences and how she has been able to face her fears and challenges and find inner strength and inspiration that has shaped her life.
An avid adventurer who lives by the philosophy that life is too short to be held back by fears, Rosenbaum had battled her own fears, which included public speaking and sharks. For Rosenbaum, whose fear of sharks is traced back to her childhood, her way of conquering this fear was a swimming expedition in 2008 which took her to the Pacific Ocean and skin-diving with man-eating sharks. When asked to be the co-chair of a large women’s event that required public speaking, a task that usually made Rosenbaum sick to her stomach, she tackled her fear head-on and agreed to the challenge by working with a coach and practicing diligently for the event.
In the TeleSeminar, Rosenbaum will also discuss how volunteerism and mentoring has brought great fulfillment to her life. She is an active member on several not-for-profit education organizations including a position on the board for the Women’s Leadership Council where she mentors young women from the inner city, a trustee of the Miriam School for Gifted Children, Trustee for the California Association of Certified Public Accountants Education Foundation, and the L.A. Advisory Board for Golden Gate University School of Tax.
Rosenbaum’s lecture, “Swimming with the Sharks,” is the second of three in the series for Women’s Wisdom Exchange and will be presented on January 18 at noon PST (3 p.m. EST). Registration is free: www.womenswisdomexchange.com