ASC 740: Income Tax Accounting for 2015

Christina has more than 28 years of experience in corporate tax, both as a service provider and as an executive.  She specializes in providing federal tax consulting to public and private corporations of various size and industries, including mergers and acquisitions, accounting methods, financial products and structures, and cost capitalization.  Christina assists with the implementation, disclosure requirements, and ongoing issues of ASC 740 Accounting for Income Taxes. 

Before joining WeiserMazars, Christina was a partner with Big 4 and international accounting firms, where she led national and regional practices including ASC 740 teams.  She also served as Director of Corporate Tax for a financial service company and was a special consultant to the South African Revenue Service

Christina holds a Bachelor's Degree in Accounting from Pittsburg State University. She is a member of the American Institute of Certified Public Accountants, Illinois Society of Certified Public Accountants, and The Chicago Tax Club.  

Sam is a member of the Firm’s SEC practice.  He concentrates his practice in tax planning and advisory services for businesses, particularly in the areas of joint ventures, mergers and acquisitions, consolidations, and financial accounting (ASC 740) for both domestic and multinational companies. 

With respect to ASC 740, Sam is responsible for consultation and review of income tax provisions for both publicly and privately held companies as an auditor and in the role of an outsource service provider.   

Prior to joining Freed Maxick, Sam spent over 25 years in the accounting profession with Big Four firms and private industry.  While in public accounting Sam was designated as a lead individual to help implement the rules required under the Sarbanes-Oxley Act of 2002 and PCAOB, as well as an instructor on uncertain tax positions.  While in industry Sam’s primary responsibility, in addition to tax planning and IRS audit management, was to oversee and report on a publicly held company’s global ASC 740 position encompassing over 40 countries in Asia, Europe, and the Americas.

During this time, he gained significant experience on many income tax accounting issues including:

• Interim financial reporting (ASC 270);
• Valuation allowance assessment;
• Business combinations and divestitures;
• Conversion from foreign tax reporting to GAAP;
• Equity based compensation (ASC 718);
• Hybrid instruments;
• Intraperiod tax allocations;
• Uncertain tax positions;
• Inside versus outside basis considerations;
• International tax implications (from both a GAAP and statutory tax perspective);
• Foreign currency translation (ASC 830); and,
• Financial statement presentation and disclosure 

Sam also spent two years in the Washington D.C. national tax practice of a Big Four firm advising clients on tax developments in legislation, regulations, and policy.  He is knowledgeable and has had considerable success in identifying tax opportunities in connection with due diligence reviews of taxpayers’ prior year tax returns and positions.

Sam received a Bachelor’s degree in accounting and a law degree from the University at Buffalo. He is licensed as a CPA in New York and is a member of the American Institute of Certified Public Accountants and New York State Society of Certified Public Accountants.  He is also a member of the New York state bar.

Dan Polatsek is a partner in Katten Muchin Rosenman’s litigation and dispute resolution group .  Dan concentrates his practice in corporate litigation, white collar criminal defense and internal investigations. His clients span a variety of different industries including financial services, insurance, banking, health care and commercial lending.  With respect to white collar criminal defense matters, Dan has represented large companies, corporate executives, attorneys and other individuals against charges of mail and wire fraud, tax fraud, mortgage fraud, and violations of the Food, Drug, and Cosmetic Act, in addition to other complex crimes. He also regularly represents uncharged companies and individuals through the grand jury investigation process. In addition, Dan conducts internal investigations on behalf of corporate clients on issues including but not limited to conflict of interest schemes, embezzlement, breaches of fiduciary duty and other types of corporate malfeasance. Dan is frequently a featured speaker and author on conducting internal investigations, preservation of the attorney-client privilege and issues involving electronic discovery