NVEPC Membership Meeting: Tax Acronym Potpourri: IRAs, ISOs, NQSOs, RSUs, PTET & QSBS
Join us Tuesday, September 27, 2022, for our membership meeting on tax planning.
About the Presentation:
Join Andersen experts: Dennis Minich, Amber Salotto, Peter Elek, and Tim Wallace in a discussion around some timely tax opportunities and common issues that may be keeping you and your clients up at night. This potpourri session will cover inherited IRAs and equity compensation issues for estates, passthrough entity tax and other state and local opportunities for closely-held businesses as well as Qualified Small Business Stock foot faults. With something for everyone, this session is intended to help you open the door for further conversations with your clients around the many facets of their financial lives.
About the Speakers:
Dennis Minich has over 38 years of tax experience and is part of US National Tax for Andersen. Dennis specializes in compensation and employee benefit issues, primarily relating to qualified retirement plans, nonqualified plans, employee health and welfare benefits and executive compensation.
He serves companies in a wide variety of industries on matters such as:
- Consultation and diagnostic reviews of qualified pension and welfare benefit plans
- Design and implementation of nonqualified deferred compensation arrangements and other executive compensation plans
- Design and implementation of equity programs
- Consultation on compensation issues in connection with merger and acquisitions
- Review and consultations regarding benefit plan operations and practices
Before joining Andersen, Dennis was with the Compensation and Benefits Practice at KPMG.
Dennis is an Adjunct Professor in the Master of Taxation program at DePaul University, and he frequently speaks at various organization on compensation and benefit matters.
Amber Salotto recently joined US National Tax at Andersen. Amber has 13 years of experience in compensation and benefits including in the areas of executive compensation, qualified retirement plans, cryptocurrency as compensation, fringe benefits and employment tax matters. Prior to joining Andersen, Amber served as an attorney advisor at the U.S. Treasury Department where she was responsible for regulatory and legislative matters related to the taxation of compensation and benefits including tax law changes under TCJA, SECURE Act, and various economic stimulus and COVID-19 relief. Amber was previously with Deloitte's Washington National Tax compensation and benefits practice where she consulted on a broad range of compensation and benefits issues and where she served as a national practice resource on cryptocurrency as compensation. Amber is licensed to practice law in Pennsylvania and Washington, DC.
Peter Elek is a member of Andersen's State and Local Tax (SALT) practice and a leader in the firm's Metro DC SALT market. He brings over 12 years of experience in state and local tax and specializes primarily in state income/franchise tax consulting and compliance. He also has extensive experience in sales and use tax, employment tax, and credits and incentives.
Peter serves clients ranging from privately held to multinational Fortune 100 companies. His clients come from industries within the technology, government contracting, pharmaceuticals, healthcare, financial services, manufacturing, retail, education, internet commerce, and service sectors. Peter provides his clients comprehensive tax advice within many aspects of state and local taxation, including, but not limited to state nexus issues, state filing requirements, state apportionment methodologies, state tax planning, state provisions, state audit defense, and voluntary disclosure agreements. With his primary goal being the welfare of his clients, he continuously looks for opportunities relating to business and tax efficiences for his clients.
Prior to joining Andersen, Peter spent 10 years in PwC's state and local tax practice in Philadelphia and McLean as a director, and over 2 years in RSM's state and local tax practive in McLean and Baltimore as a senior manager.
Tim Wallace works in Andersen's Private Client Services practice, where he closely advises affluent families, founders and entrepreneurs on complex tax matters. Tim has over twelve years of experience, all at Andersen, advising individuals in the areas of income tax planning, closely held businesses, stock options, estate and gift planning, and charitable giving. Tim is also well-versed on the compliance-side, servicing individuals, trusts, private foundations and other entities.
Since moving to Washington DC, in 2016, Tim has specialized in advising entrepreneurs and investors with Qualified Small Business Stock planning at every stage, from company formation through exit.
Tim is active in the Washington DC, professional community, including being involved in a D.C. Professionals Study Group with five other professional service firms in the banking, legal, insurance and wealth management industries.