Duane Thompson
Minneapolis,MN
Summary
Seasoned Tax Consultant with 45 years of experience managing financial planning of companies and individuals. Expertise in taxation law, planning and compliance. Ethical and honest professional with great grasp of accounting and bookkeeping procedures paired with strong numeracy abilities. Certified in CPA, MBT.
Overview
45
45
years of professional experience
Work History
Tax Partner
Eide Bailly, LLP
01.2004 - Current
- Successfully resolved numerous IRS audits for clients by effectively advocating for their positions and negotiating favorable outcomes.
- Delivered presentations at industry conferences, showcasing the firm''s thought leadership in taxation issues.
- Analyzed financial documents to accurately reflect client information on tax returns.
- Interviewed clients to obtain additional information on taxable income, deductible expenses and allowances.
- Calculated estimated tax payments for clients.
- Researched tax implications for various deductions and credits.
- Offered clients recommendations to reduce tax liabilities.
- Mentored junior staff members, fostering professional growth and sharing expertise in complex tax matters.
- Established strong working relationships with regulatory authorities such as the IRS, facilitating open communication channels during audits or inquiries into client filings.
- Expanded the firm''s clientele through targeted marketing efforts, referrals from satisfied clients, and participation in local business networking events.
- Strengthened client relationships through consistent communication, proactive problem-solving, and expert guidance on evolving tax laws.
- Prepared written responses or tax return amendments to resolve state and federal notices.
- Collaborated with other departments within the firm to provide holistic financial advice encompassing both tax planning and wealth management strategies.
- Responded to inquiries from IRS and other tax authorities.
- Collaborated with audit teams to ensure accurate financial reporting and compliance with tax regulations.
- Completed and filed returns with tax departments at local, state, and federal levels.
- Prepared wide array of returns such as corporate, fiduciary, gift, individual, and private foundation returns.
- Used critical thinking to break down problems, evaluate solutions and make decisions.
- Excellent communication skills, both verbal and written.
- Gained strong leadership skills by managing projects from start to finish.
- Acted as a team leader in group projects, delegating tasks and providing feedback.
- Paid attention to detail while completing assignments.
- Managed time efficiently in order to complete all tasks within deadlines.
Tax Partner
Biebl Ranwieler, Inc.
07.1989 - 12.2003
- Successfully resolved numerous IRS audits for clients by effectively advocating for their positions and negotiating favorable outcomes.
- Analyzed financial documents to accurately reflect client information on tax returns.
- Interviewed clients to obtain additional information on taxable income, deductible expenses and allowances.
- Calculated estimated tax payments for clients.
- Offered clients recommendations to reduce tax liabilities.
Education
MBA - Tax
Carlson School, University of Minnesota
Minneapolis, MN05.2000
Skills
- Staff Training and Development
- Tax Process Improvement
- Tax Compliance Management
- Tax Law Interpretation
- Estate and Gift Tax Planning
- Corporate Tax Planning
- Tax Legislation Monitoring
- Tax Return Review
Timeline
Tax Partner
Eide Bailly, LLP
01.2004 - Current
Tax Partner
Biebl Ranwieler, Inc.
07.1989 - 12.2003
MBA - Tax
Carlson School, University of Minnesota