Jason J. Wimmer, CPA, MBT
Partner, Wipfli Advisory LLC
- Location
- Minneapolis, MN
- Contact
- +1 651 766 2896
- jwimmer@wipfli.com
Jason Wimmer is a tax partner with Wipfli’s financial institutions practice. Jason uses his skills to ensure that clients receive accurate and timely income tax planning and compliance services. He uses his understanding of complex tax laws to maximize tax opportunities for clients. Examples of projects that Jason has provided include:
- Accounting method changes to accelerate tax deductions and defer taxable income, resulting in lower income tax liabilities and improved cash flow
- Conversions from C-corporation to S-corporation status (and analysis of the effect on shareholder groups), thereby eliminating double taxation and providing for increased shareholder stock basis
- Tax minimization projects on the conversion of a federal credit union to a federal mutual savings association, including multistate tax analysis
- Cost segregation studies to accelerate tax deductions and improve cash flow
- Analysis of income tax issues relating to bank acquisitions, including effect on shareholder group, and tax minimization strategies for the same
- Assistance with implementing the recognition, measurement, and disclosure requirements of FIN No. 48, Accounting for Uncertainty in Income Taxes
Jason also has experience representing clients before the Internal Revenue Service and various state departments of revenue.
- Financial institution taxation
- Corporate taxation, including C corporations and S corporations
- Individual taxation, including high net worth individuals and business owners
- Business and individual tax planning, including tax research and advice
- Accounting methods and periods
- Cost segregation analysis
- Mergers and acquisitions
- Accounting for income taxes
- Certified Public Accountant
- Master of Business Taxation
- American Institute of Certified Public Accountants (AICPA) - Member
- Minnesota Society of Certified Public Accountants (MNCPA) - Member
- Presenter at bank conventions and author of tax articles for bank publications
- Active involvement in the community including board member of a not-for-profit organization
- Bachelor of science degree in accounting
- Master of business taxation degree
Latest case studies, resources, and insights
ARTICLE | TAX
IRS releases guidance on Schedule K-3 and K-2 filing relief
The IRS released 17 FAQs on filing requirements for Schedules K-2 and K-3. FAQ 15 provides guidance on filing relief for pass-through entities.
ARTICLE | TAX
IRS complicates 2021 income tax filings for partnerships and S corporations
The IRS has released supplemental guidance stating pass-through entities with no foreign activity or owners may still need to complete Schedules K-2 and K-3.
ARTICLE | FINANCIAL SERVICES
More states enacting SALT workarounds for S-corporation banks
More states are enacting SALT workarounds that align with the IRS guidance, creating opportunities for permanent and sizeable tax savings for S-corporation banks.
