- Michael Karu,CPA/CFF, explains consolidation of non-custodial accounts -
LIVINGSTON, NJ – Michael H. Karu, CPA/CFF, Member, Levine, Jacobs & Company, LLC., was featured on various personal finance portals.
In the article, "Will I owe taxes if I consolidate my non-IRA accounts?" Karu states, “The only time that tax is recognized from IRA transactions is upon withdrawal”
To read the article in its entirety please click here.
Michael H. Karu, CPA/CFF, is a member of Levine, Jacobs & Company, LLC, a Livingston-based accounting and consulting firm. He 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. Additionally, he is a Certified Divorce Mediator and is Certified in Financial Forensics. Karu received his B.S. degree in Business Administration from The Ohio State University and 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, as well as the NJ State Society of CPAs.
Karu is a published author of numerous articles seen in trade and consumer publications and has been a guest on radio and television shows.
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. The firm prides itself on its teamwork abilities where “every account receives the talent and expertise of the whole firm.”
Client focused, results oriented, we pride ourselves on the philosophy that “every account receives the expertise of the whole firm.” The partners at Levine, Jacobs & Company are true working partners with strong commitments to exceptional client service. We are hands-on and heavily involved with every aspect of our clients’ financial lives. Clients are matched with the partners best suited to their business and circumstances, ensuring the best possible service.
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