Unclaimed property laws are increasingly in the news these days as states tighten up their rules in the search for more revenue – and sorting out those rules is right up Kimberly DeCarrera’s alley. A tax attorney who enjoys a little (?) football, Kimberly focuses on tax compliance. Here’s what Kimberly had to say:
1. Where are you now?
I’m in Atlanta, Georgia – home of collapsing interstates and snow-jams.
2. What’s your official title and what does it mean?
My official title is General Counsel for Barganier and Associates, LLC. Our clients are corporations looking to comply with unclaimed property laws. In addition to general lawyerly things for the company, I’m second in command and manage our clients’ unclaimed property audits and special projects as well as oversee the annual compliance team.
3. What books are on your night stand?
Next up for me on the Kindle is The 10X Rule by Grant Cardone and then Outliers by Malcom Gladwell. And I usually have at least one general fiction novel in the queue to keep things mixed up and light but that’s TBD right now.
4. If you weren’t working in the tax profession, what would your dream job be?
Travel blogger sounds like a great idea! Even better would be to be paid to do the great American roadtrip of visiting of all the MLB stadiums! Once I’m done with that, I can go onto the minor league baseball stadiums, NFL and college football stadiums, and all the other sports bucket list places and events.
5. What’s the last movie that you saw (DVD or in the theatre)?
Fast and Furious 6, on my iPad during a flight to Ireland for Georgia Tech football.
6. Tax is a huge subject. What’s your area of special interest?
Unclaimed property. While not technically a tax, it is generally administered by tax professionals because it is so similar in nature. Companies have to file annual returns based on accounting records and audits look a lot like tax audits, reviewing a company’s financial records.
7. What’s the best tax or financial advice that anyone ever gave you?
If you are paying taxes, it means you are making money. Just don’t spend it all before you have to pay the taxes.
8. Coffee or tea?
Tea. Iced. Sweet. I’m a Southern girl after all and that’s the only way to drink it!
9. Name five artists on your iPod or digital player.
Chris Stapleton, Eric Clapton, Ed Sheeran, Zac Brown Band, Imagine Dragons.
10. What would I be surprised to know about you?
I have an RV for football tailgating and vacations. It has a close resemblance to Walter White’s RV although no drugs are produced therein!
11. What college did you attend (in what subject)?
Georgia Tech for my undergrad in Management (aka Business) as well as Georgia State Law for my JD and Georgia State College of Business for my Masters in Tax.
12. If you had the opportunity to make one change in the tax code tomorrow – an extra credit, a disallowed deduction, whatever – what would it be?
Capital gains and passive income would be taxed the same way as earned income. All income should be treated the same, including for FICA purposes.
13. What’s the best thing on TV right now?
There’s stuff on TV? Seriously, I cut the cable and rarely watch TV except for sporting events. So right now, it would be hockey playoffs.
14. What do you think Congress will repeal first: estate tax or AMT?
I think the estate tax will go first. I think AMT should be the priority though. Treat all income the same, regardless of amount and reduce the overall complexity of returns and financial planning. But that’s part of a large tax overhaul that I don’t know will work politically right now.
15. If Uncle Sam handed you a huge refund check right now, what would you do with it?
I’d probably upgrade my RV! Get one of those modern ones with all the amenities like cruise control and working radios. (What? You expected the responsible answer of paying off a mortgage or student loans?)
16. Biggest tax newsmaker: Trump, Ryan, identity thieves or the EU?
Most of my business and personal issues are domestic, so I focus on that more than the EU. So Trump and Ryan together, with their budget proposals and other tax related ideas.
17. And, other than taxgirl for Forbes, what’s your favorite tax related web site?
Rockstar Finance – the feed of personal finance blogs is a great resource to keep up on a lot of what is going on in tax and finances and their forums are a great community to talk finances!
Thanks, Kimberly! You can find out more about Kimberly from her website here. You can also follow her on Twitter or connect with her on LinkedIn.
If you’d like to recommend a tax pro to be featured send your suggestions to kelly (dot) erb (at) taxgirl (dot) com with the subject: Getting To Know You Tuesday (it’s tax season: use anything else and it could get lost, you’ve been warned). Self-nominations are totally okay and, in fact, encouraged!