Livingston, NJ – Michael H. Karu, CPA/CFF/CGMA, Member, Levine, Jacobs & Company, LLC, was recently interviewed on WCTC-AM’s, NJ Today show where he shared reasons why the winner or winners should NEVER cash their check before speaking with someone knowledgeable in both the lottery and taxation.  Cashing the check immediately will eliminate any type of planning that may be available.  As Michael has stated, “Taxes will shrink the dream quite substantially.”

To hear the interview in its entirety, please visit:

Michael H. Karu is a Certified Public Accountant of the State of New Jersey and member of the accounting firm of Levine, Jacobs & Company, LLC.  Michael received his Certification in Financial Forensics from the American Institute of Certified Public Accountants (AICPA) in 2008 and as a Chartered Global Management Accountant in 2012.  In addition to his many duties as member in charge of the business valuation and litigation support, health care and food groups, Michael heads the firm’s estate and trust practice.

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Michael is qualified by the Superior Court of New Jersey, Family Part as an expert witness and as an authority on business valuations, specifically for closely held or family-owned businesses.  In addition, Michael is a Certified Divorce Mediator.

He holds professional memberships in the American Institute of Certified Public Accountants, the AICPA Tax Division and the AICPA Business Valuation, Forensics and Litigation Services Section.  He is a member of the New Jersey Society of Certified Public Accountants where he has been active in the Litigation Services Committee, Business Valuation Sub-Committee, State Healthcare Committee, Committee for Non-Profit Organizations, and the Committee for Young CPAs, for which he chaired.

Mr. Karu received his B.S. degree in Business Administration from The Ohio State University.

Levine, Jacobs provides a unique combination of twenty-first century accounting, business consulting and financial planning services to a diverse list of individuals located primarily in New Jersey, New York and Pennsylvania.

Levine, Jacobs & Company, L.L.C. prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.” With headquarters in Livingston, NJ, clients are located throughout the New Jersey, New York and Pennsylvania tri-state region.

Levine, Jacobs & Company, L.L.C. maintains memberships in the American Institute of Certified Public Accountants and the New Jersey Society of Certified Public Accountants.