MEET BARBARA

MEET BARBARA

A seasoned tax professional for over 25 years, Barbara helps businesses in a wide range of industries, as well as high net worth individuals, navigate the increasingly complex and changing state tax environment.

With particular expertise handling multi-state taxation issues, Barbara specializes in advising pass-through entities, such as partnerships, S corporations and LLCs that operate in multiple states, and individuals who recognize income in multiple states. These clients rely on Barbara’s thorough knowledge and analysis of how each state allocates income and taxes the partners/shareholders or entity. She helps her clients apportion income to the various states and calculate withholding taxes or composite payments to minimize their tax liability.

With keen attention to the details of financial transactions and a clear understanding of the nuances of each state’s definitions, Barbara helps clients minimize their tax liability.

Education

Master of Science in  Taxation, Bentley University

Master of Science in Accounting, University of Toledo

Bachelor of Arts, Oberlin College

Professional Affiliations

American Institute of Certified Public Accountants (AICPA)

Massachusetts Society of Certified Public Accountants (MSCPA), State Tax Committee, Federal Tax Committee.

BACKGROUND

BACKGROUND

Barbara has been with Edelstein for over 25 years, providing expertise in highly technical areas of taxation including corporate, partnership, multi-state and individual. Prior to joining Edelstein, Barbara was a staff accountant for Mawn & Mawn, PC. Barbara has served as chair of the State Tax Committee of the MSCPA.

HOW BARBARA CAN HELP

HOW BARBARA CAN HELP

  • Apportion income to different states
  • Identify state nexus footprint
  • Ensure compliance with each state’s requirements
  • Evaluate consolidated vs. separate filing strategies
  • Understand the nuances of the Form K-1 reporting on the individual Form 1040.
RESULTS

RESULTS

  • A high net worth partner in a business that operated in many states needed to file state returns in some of the states and was included in composite returns in the other states. Barbara determined that the credit for taxes paid was not being calculated correctly because of the differing ways the states calculated taxable income. This resulted in the client receiving the larger credit to which he was entitled.
  • An S corporation was selling its partnership interest in a business that operated in multiple states. The corporation needed to determine which state would tax the sale of the partnership. Barbara provided a detailed analysis of how each state treated the sale of a partnership interest, either as apportionable business income or allocated non-business income. Barbara identified a variety of tax treatments depending on the individual state laws. As a result, part of the sale of the partnership interest was not taxable to any state, resulting in significant tax savings to the client.
OUTSIDE THE OFFICE

OUTSIDE THE OFFICE

I enjoy gardening, reading and hanging out with friends.