Bar Admissions
- North Carolina
Education
- University of North Carolina School of Law, J.D.
- State University of New York at Binghamton, B.S., Economics
- Certified Public Accountant, Certificate #29000
Richard A. Pelak serves as the Senior Tax Manager for the Firm’s Tax Compliance Group, CEC Advisors. Rich’s primary focus is on representing clients in various federal and state tax matters. This includes personal and business tax planning, consulting and compliance, and representation before the IRS and other taxing authorities. He also assists clients in the areas of succession planning, estate planning and various business transactions.
Rich has extensive experience in international tax matters and in recent years has been heavily involved in off shore bank account reporting issues. He has experience in compliance with the off shore voluntary disclosure issues and IRS amnesty programs. He has worked extensively with clients in analyzing foreign accounts and preparing the necessary tax filings.
- Obtained full IRS concession by appealing IRS proposed adjustments disallowing business losses under the Hobby Loss Rules
- Oversaw income tax compliance filings for real estate business, including returns for multiple partnerships, S corporations and trusts
- Advised clients on various U.S. reporting requirements associated with foreign financial assets and foreign entities
- Assisted client in developing and implementing a business entity structure for multistate professional services organization
- North Carolina State Bar
- North Carolina Certified Public Accountant (Certificate #29000)
Honors & Awards
- Katherine Guthrie Silver Medal recipient, November 2000
Speaking Engagements
- Co-Panelist, “Recent Developments in Civil and Criminal Tax Controversies,” Federal Bar Association Section on Taxation, May 31, 2022
- Panel Moderator, “Even More About Penalties,” ABA Tax Section 2019 May Meeting, May 11, 2019
- Panel Moderator, “Civil and Criminal Tax Penalties–It’s All About the Penalties,” ABA Tax Section 2018 Fall Meeting, October 6, 2018
- “FBAR and PFIC Compliance–A detailed presentation on the Foreign Bank Account Report (FBAR) and FinCEN 114 as well as Passive Foreign Investment Company (PFIC)Rules.” Thirteenth Annual North Carolina / South Carolina / Georgia Tax Section Workshop, May 25, 2014
- “Handling IRS Civil Tax Cases: Audits, Administrative Appeals and Litigation,” Mecklenburg County Bar, April 26, 2013
- “Advising Clients with International Tax Issues: Form Numbers, PFIC and More.” American Law Institute (ALI) CLE, Hot Topics for Accountants & Tax Lawyers: Tax Returns, Advice & Examination, December 13, 2013.
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