About Us
Objective
A position in accounting and/or corporate income taxation which allows an even mix of research and planning along with compliance management.
Summary Of Experience
J.D., C.P.A. - More than 42 years of federal and international tax experience in both public and private accounting and industry with extensive background in tax reporting, I.R.S. audit exposure management and analytical tax accounting. Creative executive with strong interpersonal skills.
Professional Experience
1992-PresentMICHAEL R. TRAUSCHT CPA P.C., Naperville, IL
MICHAEL R. TRAUSCHT ATTORNEY AT LAW
As a Certified Public Accountant operate a business begun in 1981 which provides compilation services to 30-35 business clients and 160-180 individual tax clients. Manage two staff accountants, office manager, seasonal staff accountant and intern. Prepare compilation financial statements for diverse business base and audited financial statements for 401(k) Trust. Represent taxpayers before the Internal Revenue Service in Examination, Collection, and Appeals and the Illinois Department of Revenue.
As a licensed and practicing attorney represents clients in DuPage County, Cook County, Lake County, and Will County Circuit Courts principally in probate estate matters. I am duly admitted to practice before U.S. Tax Court, Illinois Circuit Courts, and Federal District Court. My practice Is concentrated in individual and corporate tax examination and appeals, probate and trust, corporate, and real estate.
1991-1992TYCO INTERNATIONAL INC., Exeter, NH
International Tax Director
Responsible for international tax compliance planning and implementation. Worked 50-60 hours/week implementing Wormald Australia acquisition with Treasury and Legal Departments. Assisted Grinnell operating accounting staff with Form 5471 information gathering. Established international tax planning and compliance package for Grinnell controlled foreign corporations and Form 1120 Schedule D and 1116 issues. Traveled to Germany and Belgium on tax planning reorganization work.
1989-1991THE GILLETTE COMPANY, Boston, MA
International Tax Attorney
Foreign Tax Manager - Compliance
Responsible for foreign partnership and branch taxable income determinations; dividend and associated Section 78 gross-up computations; 861-8 expense allocation and apportionment; 160 Form 5471 preparations; and excess foreign tax credit or limitation schedule preparation. Work with Personnel Department on deferred compensation matters and assist Vice President and Tax Counsel on acquisition and disposition planning by research of federal, partnership and international tax issues. Experience with Lexis as legal research tool.
1979-1989BORG WARNER CORPORATION, Chicago, IL
Senior International Tax Accountant
Tax Attorney
Tax Counsel
International Tax Manager
International tax research and compliance Including E&P studies, IRS audit exposure management, application of analytical accounting techniques in International areas, Federal Schedule D and organization of compliance matters for staff. Original user of Price Waterhouse international tax management system software. Traveled to Canada, Australia, and United Kingdom on extensive projects.
1976-1979FIAT-ALLIS NORTH AMERICA, INC., Chicago IL
Tax Attorney
Tax Analyst
International Tax Analyst
Developed and managed international tax function including tax research and planning, RAR Coordination, International and Compliance, expatriate tax equalization.
1974-1976GRANT THORNTON, Chicago IL
Tax Staff Accountant
1973-1974ERNST & YOUNG, Chicago IL
Tax Staff Accountant
Education
St. Mary's College. B.A. 1970 (Summa Cum Laude)
University of Illinois College of Law. J.D. 1973
Professional Status
C.P.A.
Admitted to Bar in State of Illinois
Chicago Tax Club - Chairman of International Tax Committee (1987-1989)
American Bar Association
American Institute of Certified Public Accountants