December 15, 2017 630-250-5700rcolombik@colombik.com

Richard M. Colombik

JD, CPA

Richard M. Colombik is an award winning Attorney, CPA with a Doctorate in Jurisprudence with Distinction, who was formerly on the tax staff of one of the world’s wealthiest families. Mr. Colombik has also been a tax manager at a Big Four accounting firm, the State Bar’s liaison to the Internal Revenue Service, Vice President of the American Association of Attorney-CPAs, Vice Chairman of the American Bar Association’s Tax Section of the General Practice Council, as well as the past Chair of the Illinois State Bar Association’s Federal Tax Committee. Mr. Colombik is currently on the liaison committee to the IRS for 2009-2010 for the Illinois State Bar Association, is a member of the Asset Protection Committee, ABA, and is a member of the Offshore Institute.

Mr. Colombik has appeared on numerous television shows, hosted a weekly radio show on tax and business planning, and authored numerous articles on income taxation, asset protection planning, IRS defense and estate planning. This is in addition to authoring a published work on Business Entity Structures offered by the Illinois Institute of Continuing Legal Education, as well as being a featured speaker to business groups, civic groups, bar associations and professional groups. Mr. Colombik has been interviewed in December, 2009 by INC Magazine regarding income tax planning and by American Express Online Magazine regarding business changes and how to use them in times of economic uncertainty.

Education

Juris Doctor (Cum Laude) June, 1980
The John Marshall Law School
Class Rank, top 6%

Certified Public Accountant
University of Illinois, February, 1977

Bachelor of Science – Business
University of Colorado, June 1975
Major – Accounting

WORK EXPERIENCE:

February, 1982 – Current
Richard M. Colombik & Associates, P.C. Tax Partner.

Research, draft and review financial, estate and income tax reduction plans for individual as well as corporate clients. Extensive IRS representation. Started a sole practice and built it into a fifty person firm offering Domestic and International Tax Planning, Business Entity Selection Studies, Complex Estate Plans and Income Tax Reduction, Fringe Benefit and Retirement Plan Analysis.

August, 1980 – February, 1982
Touche Ross & Co., Tax Manager.

Researched and drafted estate, financial and income tax plans. Review of tax compliance as well as drafting IRS Appellate Conference arguments. Promoted in practice group within one year and reviewed the work of eight professional within such group. Appeared at numerous speaking engagements and in the press on behalf of the firm.

April, 1976 – November, 1977
Henry Crown (Illinois) and Company.

Private Tax Staff of the Crown Family. Accounting responsibility for financial transactions of numerous trusts, individual and family partnerships. Tax research, compliance, planning and interest free loans, i.e., Crown Loans.

SPEAKING ENGAGEMENTS

(Partial List)

Illinois State Bar Association – Income Tax Updates
DuPage County Bar Association – Asset Protection Planning
Illinois CPA Society – Lead Speaker on Estate and Gift Taxation.
Illinois Land Title Association – Overview of the Economic Recovery Tax Act.
Purdue University – Career Options for Tax Professions.
National Trucking Association – Income Tax Planning.
Illinois Institute of Continuing Legal Education – Estate Planning Short Course for Attorneys.
GTE Directories – Estate and Retirement Tax Planning.
NCR Corporation – Income Tax Planning.
Northwest Suburban Bar Association – Estate Planning.
Illinois Municipal Retirement Fund – Income and Estate Planning for Retirement.
North Suburban Bar Association – Income Tax Defense
International Profit Associates – Tax Planning for Businesses
National Business Institute –Advanced LLC Issues; Limited Liability Companies; The Anatomy of the LLC; Ethics and Tax; Fully Using Tax Advantages
Lorman Education Services – Accounting for Trusts and Estates
Mid-State Estate Planning – Estate Planning Updates
Illinois State Bar Association – Choices of Entity for Business Attorneys and Their Professional Clients; Business Entities for Attorneys; Advanced LLC Issues – Federal Tax Conference
Wayne Messmer & Associates – Tax Planning for Professionals

PUBLICATIONS

(Partial List)

Author, Increase a Charitable Endowment for Pennies on the Dollar, American Bar Association, Senior Lawyers Division, Experience Magazine, Vol. 20, No. 3, May 2010.
Author, 1099 Reporting: What You Need to Know, American Bar Association, Senior Lawyers Division, Experience Magazine, Vol. 21, No. 3, May 2011.
Author, How the Small Business Jobs Act of 2010 Can Affect You (Even if You Don’t Own a Small Business) , American Bar Association, Senior Lawyers Division, Experience Magazine, Vol. 21, No. 1, Aug. 2011.
Author, Introduction to Accounting for Trusts and Estates Part 1: Trusts, American Bar Association, Senior Lawyers Division, Experience Magazine, Vol. 22, No. 2, Feb. 2012.
Author, Pay Almost No Business or Personal Income Tax Legally, American Association Attorney-Certified Public Accountants, Weekly Update, May 9, 2012 Edition.Author, Tax Breaks for Businesses, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2009
Author, States Taking a Bite Out of Your Income, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2008
Author, Government Will Help You Buy Exotic Cars, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2008
Author, Individual Highlights from the New Tax Acts, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2005
Author, TIPS: Bonds and I Bonds, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2004
Author, A Few Changes in Tax for Your Investment, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2004
Author, Prime Rate Funds, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2004
Author, Advantageous Uses of LLCs, Illinois State Bar Association, May, 2004
Author, You Figure It Out, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2003
Author, Increase Your Return with Covered Call, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2003
Author, Market Madness, American Bar Association, Senior Lawyer’s Division, Experience Magazine, 2003
Author, The Last Tax Shelter?, Illinois State Bar Association, Federal Taxation, Vol 48, No. 2, January 2002.
Author, Investing in Turbulent Times, American Bar Association, Senior Lawyer’s Division, Experience Magazine, Winter 2002
Author, Asset Protection Trusts that Really Work, 1996, American Association of Attorneys-CPAs
Author, Tax Briefs, Talking to the Boss, 1991 through 1995.
Author, Asset Protection Planning, Chicago Life Magazine Oct, 1994.
Author, Joint Income Tax Returns after IRS Substitute Returns, Illinois
State Bar Association, Vol. 1, Federal Taxation, 1989.
Author, Northwest Suburban Bar Association – Tax Briefs Column, 1989 through 1995.
Author, North Suburban Bar Association – Estate and Tax Development Column, 1989 – 1994
Author, Illinois State Bar Association -Tax Briefs, 1989 through 1995.
Author, Lake County Bar Association, Tax & Estate Tips,1990-1995.
Chicago Sun-Times, Your Money, 1989.
Editor, Federal Income Tax Planning, Life Insurance Company Taxation – Phase III, Taxes, IASA, June, 1981 Seminar.
Author, Important Developments in Taxation, ABA Taxation Committee 1980.
Chicago Tribune – Ask an Expert Column – Real Estate Questions and Answers, Income Tax Information.
Kansas City Herald – Sports Communication Agency.
Wall Street Journal – Sports Communications Agency.

MEMBERSHIPS & HONORS

Liaison to the Washington Office of the Internal Revenue Service – American Association of Attorneys-CPAs, Inc. 2001-2002
Liaison to the District Director of IRS-ISBA, 1990 through 1995.
Illinois State Bar Association,
– Committee on Public Relations, 2000-2002
– Section Counsel on Estates and Trusts 1995
– Section Council Federal Taxation, 1990 – 1994
– Section Council,
Business Advice & Financial Planning, 1990
North Shore Estate Planning Counsel, 1990
Chairman – Northwest Suburban Bar Association -Estate Planning, Probate & Tax Committee — 1989-1990
Who’s Who of Emerging Leaders of America, 1989, 1990
Who’s Who in American Law, 1987, 1989
Order of John Marshall – Honor Society Law
National Taxation Moot Court Connection
Gavel Society – Honorary Legal Society for Leadership
Touch Ross 1201 School Award
Beta Alpha Psi – Honor Society Accounting
Dean’s List – University of Colorado
Chairman – Federal Taxation Section Council, Illinois State Bar Association, 1993, 1994
American Association of Attorney CPAs Vice President 1992, 1993, 1994, 1995
North Suburban Bar Association – Governor, 1991, 1992,1993, 1994
Northwest Suburban Bar Association, Governor, 1990-1994
Treasurer, Northwest Suburban Bar Association, 1995, 1996
Secretary, Northwest Suburban Bar Association, 1994
Chairman – Budget Committee, Northwest Suburban Bar Assn. 1995, 1996
American Bar Association – Vice Chairman, Taxation
Section of General Practice Committee – 1995
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