Bio for Joseph W. Walloch

Joseph W. Walloch, CPA, CGMA, MBA, MBT

3650 Fifth Avenue, Penthouse Suite 607

San Diego, California 92103

P.O Box 7788, Redlands CA 92375

www.walloch.com /email: joe@walloch.com

951-966-1040 mobile

858-746-4138 fax/voicemail


 

Biographical Information-September 2017

Professional Experience

President/CEO - Walloch Corp, Redlands and San Diego, California

Certified Public Accountant - 49 years

Formerly employed by the Internal Revenue Service

 

Education - Degrees - Graduation with Honors

Master of Business Taxation - January, 1978, University of Southern California

Master of Business Administration - January, 1968, California State University - Fullerton

Bachelor of Science, Major in Accountancy - June, 1966, Cal Poly University, Pomona

 

Special Expert Witness Assignment - Congress of the United States

Expert Witness before the United States Congress including Congressmen Rahm Emanuel and Paul Ryan on the Alternative Minimum Tax – Official AICPA Expert in 2007.

 

Special Recognition - CPA Magazine

Named one of "50 Top Tax Professionals in America" - CPA Magazine

 

Special Teaching Assignment - People's Republic of China

Visiting Professor - Xiamen University, People's Republic of China - "U.S. Taxation,"

"The USA CPA Perspective" and "Managing a CPA Practice" - May, 1999

 

Expert Witness and Litigation Support

Expert Witness – Largest Tax Preparation Firm in USA with O'Melveny & Myers

Expert Witness – JAMS (Judicial Arbitration and Mediation Services), AAA (American Arbitration Association), and FINRA (Financial Industry Regulatory Authority) including representing major national investment firms, Oppenheimer & Co. and UBS Financial

Expert Witness Criminal & Civil Taxation and Accounting including Business Contracts, Contractor Accounting, Corporate Tax, S Corporations, Estate Taxes, Excise Taxes, Governmental Accounting, Individual Tax, Alternative Minimum Tax, Net Operating Losses, Partnership Accounting & Tax, Property Tax, Tax Aspects of Divorce, Taxation of Agricultural Cooperatives, Tax Shelters, Tax Aspects of Personal Injury, Wrongful Termination Damages, Fiduciary Tax & Accounting, California Tax, CPA Practice Sales, CPA ethics & professional responsibilities, tax fraud, embezzlement & misappropriation of funds

Service as a Court Referee and as an Estate Executor

Qualified as an Expert Witness in Los Angeles, Orange, Napa, Riverside, San Bernardino and San Diego County Courts, California and in Federal Courts throughout the United States

 

AICPA National Award Sidney Kess Award for Excellence in Continuing Education

 

AICPA National Public Service Award Exemplary Public Service - Financial Literacy

 

Professional Activities

AICPA Tax Division Chairperson - Individual Income Tax Resource Panel 2007-2008                

AICPA's Tax Division - Estate Planning and Special Entities and Industries Subcommittees

Co-Chairman - Inland Empire Estate Planning Seminar - 1994 through 2010

National Board and Membership Chair - National Association of Estate Planning Councils

Chairman - Tax Committee - Associated Accounting Firms International (AAFI) & Associated Regional Accounting Firms (ARAF)

President - Estate Planning Council of San Bernardino County - 1984-1985

Teaching, Speaking Engagements

Speaker with IRS Commissioners John Koskinen and Douglas Shulman and IRS  National Taxpayer Advocate Nina Olsen at both Tax Conferences and Tax Videos

Professor Emeritus of Advanced Financial Accounting and Advanced Taxation – University of California, Riverside – Anderson Graduate School of Management

Professor Emeritus of Advanced Financial Accounting & Taxation - University of Redlands – Individual, Corporate & Partnership Taxation, Estate & Gift Tax Planning, Advanced Financial Accounting, Governmental Accounting, Intermediate Accounting & Introduction to Financial Accounting

Professor of Taxation and Accounting – California State Polytechnic University Pomona & California State University San Bernardino

Tax speaker throughout California, the United States including 34 States & 7 countries internationally including The Peoples Republic of China

National Society of Accountants Annual Meeting Speaker with IRS Commissioner John Koskinen on Affordable Care Act

Western CPE/University of Montana – Business Tax Update & Individual Tax Update

Jennings Seminars/TaxSpeaker.com – 1040 & Business Tax Updates & Advanced Tax

AICPA's - Kess Corporate & Individual Tax Workshops– Instructor & Video Panelist

AICPA’s - Speaker - Conference on Tax Strategies for High-Income Individuals – Topics: Alternative Minimum Tax, Net Operating Losses, Basis & State Income Tax

AICPA's - All-Star National Tax Review, Effective Estate Planning, Annual Tax Update, IRS Examination Techniques & 1040 Tax Clinic - Instructor

California Society of CPA's - Instructor for Estate Tax and Income Tax Courses

Tax Instructor – Hawaiian Association of Public Accountants, Federal Tax Institute,

National Tax Institute, Professional Education Systems Inc

AICPA’s Tax Certificate Program - Tax Planning for Closely Held Businesses, Accounting Periods & Methods, C Corporations & Multiple Entities, C Corporations Mergers & Acquisitions

Society of California Accountants - Tax speaker & Video Panelist - New Tax Developments

Appearances on television, radio and videos on tax, accounting & financial matters

 

Research Grant

Awarded University of Redlands Hewlett Research Grant to Study Implementation Of Year 2000 Accounting Curriculum Project Recommendations

 

Publications and Related Matters

Author – Hundreds of Tax Articles for publications including: “Wall Street Journal”  “AICPA Tax Advisor”, Tax Hotline”, “Tax Digest”, “Investment News” & “Journal of Accountancy”

Quoted on taxation in Wall Street Journal, USA Today, CNN Money Magazine and Investment News

Co-Author – AICPA AMT Congressional Testimony – Alternative Minimum Tax

Author – AICPA Video Course – AMT – Strategies to Escape Its Reach

Author – CCH and AICPA Webcasts – AMT – Strategies to Escape Its Reach

Contributing Tax Analyst - CCH – Working Families Tax Relief Act of 2004 – Explanation & Analysis – Alternative Minimum Tax

Tax Simplification Proposals - 1990 Congressional Report on Tax Simplification

Editorial Advisory Boards - AICPA Personal Financial Planning Section - “Planner” & Harcourt-Brace Professional Publishing - Tax Return Preparers Newsletter

 

Tax Consultant-State and Local Governments

State of California Franchise Tax Board - Taxation of Agricultural Cooperatives

City of San Bernardino - Empowerment Zone Qualification - Tax Benefits

 

Personal and Community Affairs

Actor - Community Theatre  "A Few Good Men", "Equus", “Harvey”, "A Thousand Clowns",  “Laura”, “Love, Sex & the IRS". Best Supporting Actor - Inland Theatre League Award, Best Supporting Actor – Redlands Footlighters

Chair Missions Committee & Board of Trustees United Methodist Church of Redlands 

Board Member, Grove High School, Redlands California – A Charter High School

Distinguished President - Redlands Noon Kiwanis Club

Treasurer – Redlands Police Department Community Foundation

Board Member, Boys and Girls Club of Redlands

Board Member, San Bernardino Valley College and Crafton Hills College Foundations

Board Member, Goodwill Industries Planned Giving Advisory Board

Vice President and Treasurer - Redlands Fourth of July Committee, Inc.

Volunteer, Inland Harvest, Redlands – Collected and delivered over 13 tons of food

CPA Coordinator - IRS Volunteer Income Tax Assistance (VITA) Program

Planned Giving Advisory Board Member - University of California, Riverside

Married to Mary Anna and father of two sons - Jeff, MS Information and Library Science & Professional photographer and Greg, a Professional actor

Completed the L.A. Marathon, March, 1996