J. Allen Kosowsky CPA, P.C.
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J. Allen Kosowsky, CPA
Principal
With more than four decades of experience, Allen Kosowsky provides expert counsel in the fields of forensic accounting and business advisory services. He focuses his practice on providing investigative and litigation support to law firms as well as advising public and privately-held companies in a full range of tax, accounting and financial matters. Allen's core areas of expertise include:

Forensic Accounting and Financial Analysis: Conduct financial investigations, reconstruct assets and income streams, reconstruct records using inferential methods, analyze transactions, testify at trial, develop sound business plans, provide strategic positioning counsel through analysis of company performance against industry benchmarks and studies.

Criminal Advisory Matters: Extensive experience as Kovel accountant and as advisor to defense team on criminal white collar fraud matters. Conduct financial investigations, interview witnesses, analyze records for tax implications, develop errors against interest and other defense strategies, participate in plea negotiations, support and participate in presentations to U.S. Attorney's Office, FBI and before IRS Criminal Investigative Division. Prepare financial statements for sentencing purposes, address civil aspects of cases when criminal proceedings conclude.

Economic Damages: Engaged to calculate damage claims for commercial disputes including complex intellectual property matters involving Trade Secrets, Covenants not to Compete, Patents and Infringement Claims.

IRS Civil Matters: Prepare individual, partnership, LLC, Corporate (including consolidated returns), Exempt Organization and fiduciary tax returns and claims for refunds. Represent clients in IRS and State audits, tax disputes, offers in compromise, appeals, collection procedures. Prepare Estate and Gift tax returns. Experience with foreign tax matters, credits, transfer pricing issues. Assistance in evaluating choice of business entity. Advice on tax implications of transactions.

Business and Intellectual Property Valuations: General Business Valuations, Dissenting Shareholder and partnership matters, Marital Dissolution, Merger and Acquisition fairness opinions, Bankruptcy valuations, IRS estate and gift including family limited partnership interests. Goodwill Impairment for FASB purposes, Intellectual Property Valuation and purchase price valuations.

Alternative Dispute Resolution: Arbitrator and Mediator experienced with resolving disputes with financial, accounting and tax implications.

Judicial Appointments: Federal District Court Appointed Receiver and fact finder, State Court appointed Receiver, State Court appointed for accountings, Probate Court appointed Administrator and examiner.

Allen is also called upon to serve as interim Chief Financial Officer of public and private companies. In this capacity, he has a wealth of experience raising capital, refinancing/initiating debt financings, performing due diligence in connection with acquisitions, divestitures, joint ventures and other corporate strategic events. IPO, LBO, SEC experience. He has acted on behalf of debtors in bankruptcy proceedings as Accountant and financial advisor; restructured businesses and debt to accommodate changed business circumstances; negotiated purchase and sale of businesses, divisions, product lines, royalty arrangements, joint ventures, strategic alliances; and overhauled business processes and financial planning and modeling to favorably impact clients' bottom line.

Prior to establishing his own firm in 1981, Allen was a principal at Ernst & Young and also served as the Chief Operating Officer and Chief Financial Officer to two large privately-held companies. His leadership experience includes serving on the board off Webster Bank, three biotech venture capital funds, and as a member of the Board of Directors and Audit Committee of Thor Industries. He also served as Chairman of the Board and Chairman of the Audit Committee of ON2 Technologies, Inc., which was purchased by Google in 2010. He is a trustee of the American International College. In 2009, the State of Connecticut invited Allen to serve on the Small Business Incubator Advisory Board. Allen was a Fellow of the Wharton Fellows Program at the University of Pennsylvania, Wharton School of Business, and earned his BSBA from the American International College.

A frequent author and lecturer on cutting-edge legal and accounting issues, Allen is a regular presenter at high-profile ABA seminars on criminal tax matters, white collar fraud, business valuations and compliance.
Professional Accreditations

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