MICHAEL LIM
128
Answer
ABOUT EXPERT MICHAEL LIM
Statement
My name is Michael Lim, and I am a CPA who started his own practice in 2003. I started my career at KPMG, LLP in the Los Angeles office. After KPMG, I went to work at YUM! Brands (parent company of Taco Bell, Pizza Hut, and KFC), where I got involved in M&A work. I worked on several really interesting long term projects that involved franchising, real estate, contract law, and valuations on the buy and sell sides. Once my time at YUM! Brands ended, I was offered a chance to start my own tax and consulting practice. After 6 years of self-employment, I think I may be getting the hang of things. The name of my practice is called Semaphore Tax Strategies, and is based in Irvine, CA. Most of my client base is self-employed, or have small businesses, since there is much more opportunity for adding value with these clients.
Professional Licenses
Certified Public Accountant (CPA) California License #79338
16 Years of Work Experience
Education
University of California (Santa Barbara) - Bachelor of Administration (BA) in Economics, Graduated with Honors
What are the taxes involved on selling a home?... read on
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I bought a condo in late 2004.This was my personal residence for 2005 & 2006. In early 2007, I bought a house which... read on
- Answered byMichael Lim
Do you have to pay capital gains tax off on the sale of a personal house?... read on
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Will I have to pay taxes on selling a home we have owned for four years? Are there any ways to avoid... read on
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If I move into my rental property for a year, buy it & then sell it, would I still have to pay capital... read on
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I want to sell a rental income producing house and invest the sale proceeds into another more expensive rental income producing house. ... read on
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How much can be deducted without listing items donated in kind to a charity?... read on
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My husband put our son's $50,000 student loan on our home equity line of credit for a lower interest rate. Was... read on
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Does exercising stock options automatically trigger Alternative Minimum Tax?... read on
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Is it true that if you settle with your creditors (in order to remain in good credit standing to avoid filing for bankruptcy)... read on
- Answered byMichael Lim
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