David M. Bowman, CFP®
dbowman@orba.com
P 312.670.7444 | F 312.670.8301
Overview
David Bowman joined ORBA in 2014 after starting his career at one of the “Big Four” accounting firms. David is a member of the firm’s Tax Group and consults on individual, trust, estate, partnership, S-Corporation and gift tax returns for high net worth individuals. He also helps clients with the overall financial planning process which includes personal financial statements, portfolio analysis, budgeting, credit and debt management, and retirement plan selection.
Overview
David Bowman joined ORBA in 2014 after starting his career at one of the “Big Four” accounting firms. David is a member of the firm’s Tax Group and consults on individual, trust, estate, partnership, S-Corporation and gift tax returns for high net worth individuals. He also helps clients with the overall financial planning process which includes personal financial statements, portfolio analysis, budgeting, credit and debt management, and retirement plan selection.
Proactive
David believes in taking the time to get to know his clients so he can ask the “right” questions. He is always available to his clients and believes the best relationship is built on trust and open communication.
Outside of the Office
During his downtime, David enjoys spending time with his family and friends. Coming from a family of ten, there is always some event to attend. An avid runner, David loves to be outdoors and plans on running at least one marathon a year for the indefinite future. He most recently ran the Chicago Marathon supporting Big Shoulders Fund® — a local Chicago charity. Finally, he enjoys exploring new cities, restaurants and breweries with his wife Caitlin.
Seminars & Events
- Young Professionals: How to Take Control of Your Financial Future, Chicago, IL, June 23, 2016
Certifications & Licenses
- CERTIFIED FINANCIAL PLANNER®
Memberships & Affiliations
- Georgia CPA Society
- Illinois CPA Society
Education
- B.B.A., with honors, Accounting, Loyola University Chicago
Blogs
Making the Most of the New Pass-Through Deduction
Many families use pass-through entities such as partnerships, limited liability companies and S corporations for financial, estate or succession-planning purposes. If you own interests in any such entities, it is important to familiarize yourself with the new 20% “pass-through” deduction contained in the Tax Cuts and Jobs Act.
Before You Renovate Your Home, Do the Math
Thinking about renovating your home to boost its market value? You’re not alone. In the first quarter of 2017, the Remodeling Market Index, compiled by the National Association of Home Builders, reached 58. That’s close to its historical high and is its strongest showing since the fourth quarter of 2015.
How to Shift Income to Family Members and Save Money
This article discusses a strategy on how individuals who own their own business can reduce their income while helping their children get a head start on saving for retirement. A Sidebar discusses the problem of capital gains trapped in non-grantor trusts and possible solutions for liberating them.
How Risky is Your Portfolio? Using Metrics to Quantify It
It is that time of year where every investor should be reviewing how their portfolios have performed. On the surface, it seems like a straightforward exercise. However, that may not be the case, because a portfolio’s return over the short term provides little insight into whether the result was achieved through good decision making or despite it. This article examines several metrics to help you analyze a portfolio’s performance.
Foreign Accounts Call for Specific Reporting Requirements
Investors who have a financial interest in or signature authority over any foreign accounts, including bank accounts, brokerage accounts, mutual funds or trusts, must disclose those accounts to the IRS. This blog details how to disclose offshore accounts with the IRS and explains the penalties that can result from failing to do so.
Newsletters
Wealth Management Group Newsletter – Summer 2020
Our Wealth Management Group’s Summer 2020 Newsletter guides new purchasers of life insurance navigate the confusing insurance market and describes potential tax savings from making gifts and paying medical expenses on behalf of family members.
Wealth Management Group Newsletter – Fall 2019
Our Wealth Management Group’s Fall 2019 Newsletters shares insight on how qualified small business stock can lead to tax breaks, as well as information on new rules that make 401(k) hardship withdrawals easier to obtain.
Wealth Management Group Newsletter – Summer 2018
Our Wealth Management Group’s Summer newsletter discusses the Tax Cuts and Jobs Act’s changes to the Kiddie Tax and unearned income for children, as well as insight on housing options for senior citizens.
News
Kathy Z. Jeziorski, CPA, Danielle E. Haseman, JD and David M. Bowman were mentioned in the media as having joined ORBA’s Tax Department. Reporting media include CNBC, MarketWatch, Chicago Business Journal, Chicago Business Commuter and American Business Television, to name a few.
ORBA Invites Young Professionals to Wealth Management Group Seminar
ORBA is hosting a seminar for young professionals on how they can better manage their finances and invest in their financial future.
CHICAGO – Ostrow Reisin Berk & Abrams, Ltd. (ORBA), one of Chicago’s largest public accounting firms, is pleased to welcome Kathy Z. Jeziorski, CPA, Danielle E. Haseman, JD and David M. Bowman to its Tax Department.