Elmer (Pete) Lewis, MBA, EA
Saint Charles, IL 60174
Office: 630-845-9664
Mr. Lewis has more than 40 years of tax and business valuation experience with a strong focus on the valuation of closely held corporations and IRS tax law defense. He has been a principal in Lewis & Associates Tax Planning, Inc. (LATP) since 2008. LATP is a boutique tax practice which provides tax planning, IRS debt resolution, IRS audit representation, tax defense and tax compliance for businesses and individuals.
Prior to entering private practice Mr. Lewis worked in corporate, public accounting and legal environments for 30 years. He has held such positions as Vice President of Finance, Controller, Accounting Manager, Director of Tax, Tax Manager and Tax Writer/Researcher.
Additionally, Mr. Lewis has more than 25 years of teaching experience as an Adjunct Professor at Chicago area colleges and universities. He currently teaches finance, tax and accounting at Aurora University in Aurora, Illinois. He has previously taught at DePaul University and University of Phoenix (on-ground) both in the Chicago, Illinois area.
Mr. Lewis has expertise in:
* asset valuations for divorce cases, closely held stock valuations, partnership and Sub Chapter S Corporation property distributions.
* U.S. Tax Court defense against IRS taxation of personal injury settlements, basis in partnership distributions, charitable donations and donor advised funds.
* internal controls for accounting and forensic accounting.
Mr. Lewis holds an MBA in Finance from Dominican University and has completed accounting courses toward an MSA (Accounting ) at Roosevelt University.
Mr. Lewis is licensed as an Enrolled Agent Admitted to Practice Before the IRS.
- Business
- Business Valuation
- Elder Financial Abuse
- Finance
- Fraud Investigation
- Litigation Finance
- Tax
- Trusts & Estates
- Q: Please list your professional accreditations, degrees, licenses, and certificates granted:
- A: B.S. in Journalism from Southern Illinois University (Carbondale)
MBA in Finance from Dominican University in River Forest, Illinois
MSA (accounting courses) Roosevelt University, Schaumburg, Illinois
EA- Enrolled Agent Admitted to Practice Before the IRS - Q: Please list your affiliations or memberships in any professional and/or industry organizations:
- A: National Association of Tax Practitioners
National Association of Certified Valuators and Analysts
Saint Charles Chamber of Commerce - Q: Please list any teaching or speaking experience you have had, including subject matter:
- A: Currently an Adjunct Professor of accounting, finance and tax at Aurora University, Aurora, Illinois
Previously Adjunct Professor at De Paul University and University of Phoenix (on-ground) both in Chicago, Illinois
Conducted webinars at Lorman Education Services, Milwaukee, Wisconsin.
Conducted seminars at SCORE-Chicago a resource partner of the Small Business Administration (SBA) - Q: Have any of your accreditations ever been investigated, suspended or removed? (if yes, explain)
- A: No.
- Q: On how many occasions have you been retained as an expert?
- A: Two
- Q: For what area(s) of expertise have you been retained as an expert?
- A: tax law interpretation of profit sharing plan in divorce case
U.S. Tax Court as defense against disallowed contribution deduction - Q: In what percentage of your cases were you retained by the plaintiff?
- A: 100%
- Q: In what percentage of your cases were you retained by the defendant?
- A: none
- Q: On how many occasions have you had your deposition taken?
- A: one
- Q: When was the last time you had your deposition taken?
- A: 2003
- Q: On how many occasions have you been qualified by a court to give expert testimony?
- A: two
- Q: On how many occasions have you testified as an expert in court or before an arbitrator?
- A: none
- Q: For how many years have you worked with the legal industry as an expert?
- A: one
- Q: What services do you offer? (E.g.: consulting, testing, reports, site inspections etc.)
- A: I offer consulting, testing and reports.
- Q: What is your hourly rate to consult with an attorney?
- A: $350
- Q: What is your hourly rate to review documents?
- A: $350
- Q: What is your hourly rate to provide deposition testimony?
- A: $350
- Q: What is your hourly rate to provide testimony at trial?
- A: $350
- Q: Please list any fees other than those stated above (E.g.: travel expenses, copy fees, etc.)
- A: Travel expenses
Available Upon Request