Thomas Klein, CPA
Managing Member, KleinCPA PLLC
Member of the Accounting Council
Council Member Biography
Thomas Klein is a Faculty Member at the University of Arizona's Eller College of Business. Mr. Klein teaches taxation and financial accounting courses, both at the undergraduate and graduate (MBA, Masters of Accounting) level. He is also the Managing Member of KleinCPA. Mr. Klein is a former Deloitte & Touche National Firm Director and a contributor to CNNMoney.com. He has over 20 years of experience in the practice of public accounting (audit, taxation, & financial accounting). Mr. Klein's teaching interests in the tax area include corporate, multistate, and multinational taxation and mergers and acquisitions and teaching interests in the financial accounting area include earnings management, accounting for stock compensation plans, accounting for income taxes, leases, and consolidations and the statement of cash flows. He has industry experience in the healthcare and retail areas. (This is me - Update Profile)
Employment History
- 2001 - present
- Managing Member, KleinCPA PLLC
- 2001 - present
- Faculty Member, Accounting & Taxation, University of Arizona - CC
- 1988 - 2001
- National Firm Director, DELOITTE & TOUCHE L.L.P.
- 1984 - 1988
- Superviser, Grant Thornton/Frazer & Torbet
GLG NewsSM Analyses by Thomas Klein, CPA(?)
Opinions and analyses expressed in GLG News are solely those of the author. See the Terms of Use for details.
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Obama Expected to Sign Generous NOL Carryback Bill on Friday
November 5, 2009
Thomas Klein, CPA, Managing Member, KleinCPA PLLC
Congress Passes Unemployment Bill With Tax Items | www.journalofaccountancy.com
On Thursday, Congress sent a bill to the White House containing enhanced net operating loss (NOL) carryback opportunities for most companies. The bill contains a provision extending the NOL carryback period from two years to five years for losses incurred in 2008 or 2009. President Obama is expected...
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Obama Administration Moves Foreign Earnings Tax Deferral Reform to Back Burner
October 13, 2009
Thomas Klein, CPA, Managing Member, KleinCPA PLLC
Business Fends Off Tax Hit | online.wsj.com
Once again, a proposal to reform how a U.S. based multinational company's foreign earnings are taxed has failed to gain congressional support. Similar proposals introduced over the past twenty years have consistently failed to gain traction. The current proposal was part of the Obama administration's...
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Security Writedowns Today May Lead to Massive P&L Charges Later for C, MER and Others
April 21, 2008
Thomas Klein, CPA, Managing Member, KleinCPA PLLC
A Way Charges Stay Off Bottom Line | online.wsj.com
Depending upon management's classification of a security (i.e., either "trading" or "available for sale"), a charge may or may not appear on the income statement in the same period as the write-down on the balance sheet. If the security is classified as a trading security, the charge on the incomestatement...
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Investors Punish GM Stock, in Part on Large Deferred Tax Adjustment.
November 7, 2007
Thomas Klein, CPA, Managing Member, KleinCPA PLLC
GM Posts Huge Loss | online.wsj.com
Investors fled General Motors following the release of its Q3 results. The reported loss for the quarter was $38.96 billion of which 99% of the loss ($38.6 billion) resulted from the write-down of deferred tax assets. Have investors overreacted to the noncash charge or is the decline in...
Leading institutions connect with Thomas Klein, CPA through GLG
GLG Study Groups with Thomas Klein, CPA(?)
| Study Group Name | No. Members |
|---|---|
| Accounting, Finance, and Tax Professors (US) | 452 |
| Tax Professionals (US) | 437 |
| Academic Pension Accounting Specialists | 17 |
| Inventory Accounting Academic Specialists | 20 |
GLG Live Meetings with Thomas Klein, CPA(?)
Recent Seminars
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November 1, 2007 | Boston
GLGi: Uncertain Tax Positions - New Guidance Impacting the Bottom Line -
October 31, 2007 | New York
GLGi: Uncertain Tax Positions - New Guidance Impacting the Bottom Line