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ProfNet Experts Available on Taxable Accounts, Corporate Inversion, More

Also in This Edition: Jobs for Writers and Media Industry Blog Posts

NEW YORK, Sept. 2, 2014 /PRNewswire/ -- Below are experts from the ProfNet network that are available to discuss timely issues in your coverage area. If you are interested in interviewing any of the experts, please contact them via the contact information at the end of the listing. To receive these updates by email, send a note to [email protected] with the industries you cover, and we'll add you to the appropriate edition. 

If you are in need of additional experts, you can also submit a query to the hundreds of thousands of experts in our network. You can filter your request by institution type and geographic location to get the most targeted responses. The best part? It's free! Just fill out the query form to get started.

If you have any questions or need assistance with any aspect of ProfNet, please drop us a note at [email protected].

EXPERT ALERTS

  • Using a Taxable Account Rather Than an IRA
  • U.S. Tax Policy and Corporate Inversion
  • Russian Sanctions Cut Both Ways

MEDIA JOBS

  • Reporter - Debtwire (NY)
  • Writer/Editor - Tech.pro (TX)
  • Assistant News Director - The Associated Press (AZ)

OTHER NEWS & RESOURCES

  • Timeless Storytelling Tips From Former PR Newswire Features Editor Fred Ferguson
  • Did You See That Press Release?
  • ProfNet Success Story: Dana Manciagli, Global Career Expert

EXPERT ALERTS:

Using a Taxable Account Rather Than an IRA
Bijan Golkar, CFP(R)
Vice President/Senior Advisor
FPC Investment Advisory, Inc.
Imagine grabbing a cookie from the cookie jar and finding a shockingly large tax bill attached. That, in a nutshell, is what's happening to far too many wealthy retirees today. These retirees aren't reaching for cookies, of course -- they're tapping their IRAs to pay for somewhat spontaneous expenses such as new cars or family vacations. In some cases, they're withdrawing retirement funds to pay for emergencies or unanticipated medical expenses. But in turning to their IRAs for funds beyond what they'd planned, these retirees are inadvertently pushing themselves into higher tax brackets and setting up staggering tax bills. Says Golkar: "Funding a taxable brokerage account may seem a bitter pill to swallow given the appeal of tax-deferred accounts. But the numbers don't lie: Using a taxable account rather than your IRA to pay for unanticipated expenses in retirement can create significant tax savings."
Golkar has been quoted in The Wall Street Journal, Forbes, U.S. News & World Report, Yahoo Finance, The Fiscal Times, Bankrate, MoneyUnder30.com and DepositAccounts.com. He is located in San Francisco.
ProfNet Profile: http://www.profnetconnect.com/bijangolkar
Website: http://www.FPCWealth.com
Media Contact: Steve Garmhausen, [email protected]

U.S. Tax Policy and Corporate Inversion
Michael Faulkender
Associate Professor of Finance
University of Maryland's Robert H. Smith School of Business
"Burger King is acting in the best interest of its investors. Instead of calling for boycotts or holding symbolic votes on legislation that will not address the fundamental problem, lawmakers should focus their attention on reforming the tax code such that multinational corporations want to be headquartered in the United States. With the highest corporate income tax rate among OECD nations and the double taxation of international operations, the United States with its tax code has made itself increasingly uncompetitive as we vie for companies to locate and to expand operations here. The solution is to bring the tax rate in line with other advanced economies, paid for by reducing credits, deductions, and other loopholes.  We could make our corporate tax environment even more competitive by offering a corporate income tax rate below that of other advanced countries, paying for it by eliminating the lower personal income tax rate on dividends and capital gains. Because individuals are relatively less likely to move abroad than corporate subsidiaries, this rate structure would create fewer distortions. A 20 percent corporate rate would place the U.S. below the median rate among OECD nations, and taxing dividend and capital gain income for individuals at the same rates as normal income would eliminate some of the tax arbitrages created by differential tax rates for the same taxpayer. Since all income eventually is taxed at the corporate rate and again at the individual rate, this proposal is revenue neutral in a static sense. Longer term, it would raise revenue by creating incentives for incremental, long-term domestic investment."
Faulkender, co-author of the working paper Taxes and Leverage at Multinational Companies, is an associate professor of finance and director of the Smith School's Masters Program in Finance.  
Media Contact: Greg Muraski, [email protected]

Russian Sanctions Cut Both Ways
Andrew Melsheimer
Attorney
Thompson & Knight in Dallas
"The successive rounds of sanctions affecting the Russian economy are beginning to show a trickle-down effect. Reports indicate that no Russian companies were extended loans from U.S. or European financial institutions in July, the first such credit drought in recent years. Meanwhile, U.S. companies are recognizing how the latest sanctions may affect their own economic future. The sanctions are making it increasingly harder for companies to do business in Russia, or for foreign companies operating in Russia to use U.S. sourced products and equipment in their operations. U.S. manufacturers and suppliers are at risk of losing an important consumer of products and services, such as the highly specialized equipment needed to develop Russia's emerging energy resources in the Arctic and West Siberia."
Media Contact: Barry Pound, [email protected]

***************

MEDIA JOBS:

Following are links to job listings for staff and freelance writers, editors and producers. You can view these and more job listings on our Job Board: https://prnmedia.prnewswire.com/community/jobs/

See more listings here.

*****************

OTHER NEWS & RESOURCES:

Following are links to other news and resources we think you might find useful. If you have an item you think other reporters would be interested in and would like us to include in a future alert, please drop us a line at [email protected]

  • TIMELESS STORYTELLING TIPS FROM FORMER PR NEWSWIRE FEAUTRES EDITOR FRED FERGUSON. Fred Ferguson, the former manager of PR Newswire's Feature News Service, encouraged organizations to incorporate feature news writing into their press releases and publicity campaigns, is still instructive today, and not just for PR pros penning press releases. Ferguson's tips for creating a compelling feature story focused rigorously on putting the audience for the story first, and the brand second: http://prn.to/1thGFe8
  • DID YOU SEE THAT PRESS RELEASE? FAST FOOD GIANT CREATED, EBOLA PATIENT RELEASED, 'BREAKING BAD' HONORED AGAIN. With thousands of news releases published each week on PR Newswire for Journalists, no one can possibly keep up with every one of them. Here are some of our favorite releases from the past week that you might have missed: http://prn.to/1pn4vn6
  • PROFNET SUCCESS STORY: DANA MANCIAGLI, GLOBAL CAREER EXPERT. Manciagli recently quit her 30-year career in sales/marketing to embark on solopreneur venture. Within the first months that she has been in business she has received hundreds of thousands of impressions in top-tier and trade publications such as The Fiscal Times and Forbes – all with the help of ProfNet. Read more about her successes here: http://prn.to/1roHrWR

PROFNET is an exclusive service of PR Newswire. To submit a request for experts: http://bit.ly/findexperts  To search the ProfNet Connect experts database: http://www.profnetconnect.com  To contact ProfNet by phone: +1-800-PROFNET, ext. 1  To share a thought on Expert Alerts: [email protected]

SOURCE ProfNet

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