MICHAEL LIM
128
Answer
ABOUT EXPERT MICHAEL LIM
Statement
My name is Michael Lim, and I am a CPA who started his own practice in 2003. I started my career at KPMG, LLP in the Los Angeles office. After KPMG, I went to work at YUM! Brands (parent company of Taco Bell, Pizza Hut, and KFC), where I got involved in M&A work. I worked on several really interesting long term projects that involved franchising, real estate, contract law, and valuations on the buy and sell sides. Once my time at YUM! Brands ended, I was offered a chance to start my own tax and consulting practice. After 6 years of self-employment, I think I may be getting the hang of things. The name of my practice is called Semaphore Tax Strategies, and is based in Irvine, CA. Most of my client base is self-employed, or have small businesses, since there is much more opportunity for adding value with these clients.
Professional Licenses
Certified Public Accountant (CPA) California License #79338
16 Years of Work Experience
Education
University of California (Santa Barbara) - Bachelor of Administration (BA) in Economics, Graduated with Honors
I was the beneficiary on certificates of deposit in the amount of $49,000. What is my tax liability and what form do... read on
- Answered byMichael Lim
I withdrew from a IRA but the 10% penalty is waived because I am on disability. Am I still liable for paying... read on
- Answered byMichael Lim
Can I transfer the money in my traditional IRA to the traditional IRA of my spouse?... read on
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If you marry someone with back taxes due, will you be help liable for the taxes?... read on
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My fiance has been legally disabled for two years and was given an estimated 6 months or less to live, should we get... read on
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How do I set up a family trust?... read on
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Do I need to have a special finance license to offer financing to my customers who are purchasing products from my business?... read on
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I just received a $40,000 check from a family member. I want to avoid getting taxed on it. What are my options?... read on
- Answered byMichael Lim
How much are you allowed to receive as a gift without having to claim it on your income tax form?... read on
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What is the maximum gift that can be made In 2010 without having to pay taxes for giving the gift?... read on
- Answered byMichael Lim
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