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Accounting, Payroll & Pension Issues/Expert Profile
Expertise
I am a CPA and CFA with more than 20 years of assisting others to address a wide variety of tax and financial issues, including: (a) tax and timing for conversion of various retirement vehicles including 401(k), traditional IRA, and Roth IRA; (b) starting date considerations for social security benefits and related tax liabilities; (c) computation of book and tax basis, gains and losses on investments, §1031 exchanges; (d) tax benefits and deductions on principal residence, vacation homes, and investment properties; (e) acquisitions of business properties, computation of bonus depreciation, and MACRS depreciation; (f) tax as related to various martial issues, including dependences, noncitizen spouses, and divorce settlement; (g) review of college funding options and tax attributes; (h) tax computation and investment considerations for fixed and variable annuities; (i) tax considerations relating to gifting by parents and grandparents; (j) tax on employee benefits programs including retirement plans, health insurance, and other benefits; (k) tax on inherited assets including assets, insurance, and other assets.
Paul Sid, CPA CFAFinancialEdge.net
Experience in the area
I have over 20 years of financial, accounting, and tax experience in working with individuals and fortune 500 companies.
Organizations
- Financial Planning Association of San Francisco, webmaster
- Tax Executive Institute, Santa Clara Chapter
Education/Credentials
BS Accounting, CPA, CFA
Average Ratings
Recent Reviews from Users
K = Knowledgeability C = Clarity of Response P = Politeness| User | Date | K | C | P | Comments |
|---|---|---|---|---|---|
| Darcy | 02/04/12 | 10 | 10 | 10 | Extremely informative and complete answer. I understand ..... |
| Sheila Cook | 01/24/12 | 10 | 10 | 10 | Thank you for the very detailed help ..... |
| William Stewar | 01/19/12 | 10 | 10 | 10 | Very knowledgeable and thorough with answers and ..... |
| Chris | 01/16/12 | 10 | 10 | 10 | Paul - Thank you so much for ..... |
| saralish | 10/10/11 | 10 | 10 | 10 | Dear Paul, Thank you very much for ..... |
Recent Answers from Paul Sid, CPA CFA
2012-02-07 403b employer contribution:
Hi Christopher, You are correct. 403(b) contributions made to your account represent your assets and not the employer's assets. For employer's contributions, the transfers might not be immediate
2012-02-04 Early withdrawal of 401k funds:
Hi Darcy, Thanks for your question. One of the objective in financial planning is to establish an emergency fund. That was not done - but that is water over a dam. In general, I am not fond of
2012-01-31 Partners as employees:
Hi Donna, You are very smart in thinking ahead and anticipating potential problems before they arise. Based on my questions, I believe that the IRS is more concern about certain issues: 5. Cash
2012-01-26 Partners as employees:
Hi Donna, Thanks for your question. On the surface the partnership appears simple- income is earned and all partners get an equal salary distribution. However, I have a few questions so we can take
2012-01-18 Solo 401(K) Eligibility:
Hi John, Thanks for your question. If your employer does not offer you a retirement plan, then your retirement plan options as an employee are limited. You will be entitled to setting up a traditioal
Answers by Expert:
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