AICPA 2012 Sidney Kess Award Winner Takes Volunteerism to the Road

By Deanna C. White
 
The American Institute of CPAs (AICPA) honored Martin Shenkman, principal at Martin Shenkman P.C., in Paramus, New Jersey, with the 2012 Sidney Kess Award for Excellence in Continuing Education at its Conference on Tax Strategies for the High-Income Individual in Las Vegas, Nevada, on May 1, 2012. 
 
The award, created in 2010 in honor of Kess, a nationally renowned tax expert, recognizes individual CPAs who have made significant and outstanding contributions in tax and financial planning, and whose public service exemplifies the CPA profession's values and ethics. 
 
"Through his work with RV4The Cause, Marty is a pioneer who has volunteered countless hours traveling the country with his wife to educate CPAs about the importance of estate planning for people with chronic illness," said Kess, who served as chair of the conference. "A practitioner's practitioner, he has shown the uncanny ability to help others in the profession understand and apply complex topics. He exemplifies everything that I have strived for in my career."
 
The mission of RV4TheCause is to help those living with chronic illness, their caregivers, and loved ones by educating professional advisers (CPAs, attorneys, and financial planners) and consumers about estate, insurance, tax, and financial planning. RV4TheCause creates articles, checklists, and other materials that it disseminates through its website and at lectures they offer as they travel around the country. 
 
"Our travels themselves have become somewhat newsworthy and that, too, has become important to build awareness of the 120 million Americans living with chronic illness for whom specialized planning is so helpful," Shenkman said. 
 
Shenkman, a CPA for twenty-two years who holds the Personal Financial Specialist (PFS) credential as well as a JD, worked for a number of accounting and law firms before starting his own practice in 1988. 
 
He has served as an adjunct professor of law for Seton Hall and an adjunct professor at Columbia Business School (Columbia University). Shenkman frequently lectures on legal and personal financial planning and, in particular, estate planning.
 
In addition, Shenkman has authored dozens of books on estate planning and related topics. Kess noted that he was particularly impressed with Shenkman's Estate Planning after the Tax Relief and Job Creation Act of 2010: Tools, Tips, and Tactics.
 
"No sooner had the law passed, Marty came out with a phenomenal book published by the AICPA providing guidance on the tremendous opportunities in this area, and he is still pointing out what to do before the bell tolls on 2012," said Kess.
 
Shenkman has authored hundreds of articles on personal financial planning, tax law, and charitable giving. He also publishes "Practical Planner," a bimonthly newsletter. 
 
Shenkman was named by CPA Magazine as a Top 50 IRS Tax Practitioner and was included as one of Worth magazine's Top 100 Attorneys in 2008.  
 
"Brilliant and modest, Marty is an outstanding family man as well as an exemplary professional," Kess added. "I am honored to be in the same class with Marty and Joseph Walloch, last year's recipient of the award."
 
Only one individual may receive the award in any given year, and the individual must be a CPA. Nominations are solicited by the Tax Strategies for the High-Income Individual Conference Steering Committee and accepted from May 31 through January 31. The Committee determines the recipient of the Award. 
 
Related articles:

You may like these other stories...

IRS chief: New rule on the way for tax-exempt groupsIRS Commissioner John Koskinen told the USA Today on Monday that the agency will likely rewrite a proposed rule regulating the political activities of nonprofit groups to...
With tomorrow being Tax Day, you might see some procrastinators at your office filling out forms, printing out paperwork, or getting last-minute tax advice from their accountant so they can meet the IRS’s filing...
The IRS has launched 295 new identity theft and refund fraud investigations during this tax-filing season, bringing the number of active cases to nearly 1,900, the agency announced last week.The coast-to-coast enforcement...

Upcoming CPE Webinars

Apr 17
In this exciting presentation Excel expert David H. Ringstrom, CPA shares tricks that you can use with pivot tables every day. Remember, either you work Excel, or it works you!
Apr 22
Is everyone at your organization meeting your client service expectations? Let client service expert, Kristen Rampe, CPA help you establish a reputation of top-tier service in every facet of your firm during this one hour webinar.
Apr 24
In this session Excel expert David Ringstrom, CPA introduces you to a powerful but underutilized macro feature in Excel.
Apr 25
This material focuses on the principles of accounting for non-profit organizations' revenues. It will include discussions of revenue recognition for cash and non-cash contributions as well as other revenues commonly received by non-profit organizations.