E. Shawn Novak, Ph.D., C.P.A. Senior Accountant and Tax Advisor Associate Professor US Senate Committee on Finance Department of Accounting 219 Dirksen Senate Office Building College of Business and Economics Boise State University Washington, DC 20510 Boise, Idaho 83725 (202)- 224-1584 (208)- 426-1238 Shawn_Novak@finance.senate.gov novakes@boisestate.edu http://cobe.boisestate.edu/novakes/ Education Ph.D. 1991 Accounting, University of Houston- University Park Minor in Economics M.P.A. 1983 Accounting, University of Texas at Austin Concentration in Federal Taxation B.S. 1982 Accounting, Virginia Tech Professional Certification C.P.A. (Certified Public Accountant) in Texas since 1985 (Certificate Number: 38062) Employment History 2012 - Senior Accountant and Tax Advisor, US Senate Committee on Finance 1998 - Director, M.S, in Accountancy- Taxation, Dept. of Accounting, Boise State University 1998 - Associate Professor, Dept. of Accounting, Boise State University 1996-1998 Assistant Professor, Dept. of Accounting, Boise State University 1995-1996 Associate Professor, Dept. of Accounting, Lamar University- Beaumont 1990-1995 Assistant Professor, Dept. of Accounting, Lamar University- Beaumont 1984-1985 Senior Staff Accountant, Ernst & Whinney, Austin, Texas Awards and Honors 2002 Outstanding Service Award, Dept. of Accounting, Boise State University 2000 Outstanding Accounting Researcher, Dept. of Accounting, Boise State University (Arthur Andersen & Co. LLP) 1998 Outstanding Accounting Teacher, Dept. of Accounting, Boise State University (Arthur Andersen & Co. LLP) 1992 Outstanding Faculty Member, Lamar University- Beaumont (Zeta Tau Chapter, Beta Alpha Psi Honorary Accounting Fraternity) Professional Memberships National Tax Association, American Taxation Association. Page 1 of 7
Instructional Activities Graduate Classes Federal Taxation of Corporations and Shareholders Federal Taxation of Partnerships and Partners Tax Research Federal Income Taxation of Corporations, S Corporations & Partnerships Independent Study - Self- Employment Tax Issues in Limited Liability Companies - Income Tax Incentives for Energy Conservation - Income Tax Considerations in the Design of a Cap and Trade System Undergraduate Classes Introduction to Federal Income Taxation Federal Income Taxation of Corporations, S Corporations & Partnerships Introduction to Financial Accounting MBA Classes Taxation for Managerial Decision Making Accounting for Managers Instructional Seminars for Professionals 2005 Partnership Taxation. A four hour continuing professional education seminar conducted for the Idaho State Society of Public Accountants. 2004 Update in Partnership and Corporate Taxation. A thirty hour continuing professional education seminar conducted in ten three hour sections for Balukoff & Lindstrom & Co. Certified Public Accountants. 2001 Tax Research Using CCH Internet. An eight hour continuing professional education seminar conducted for Balukoff & Lindstrom & Co. Certified Public Accountants. 2000 Tax Treatment of Website Development Costs. A one hour continuing professional education seminar conducted for the Idaho State Society of Certified Public Accountants. Tax Research Using RIA Checkpoint. A four hour continuing professional education seminar conducted for the Idaho Tax Commission. 1997 1996 Federal Tax Update. A four hour continuing professional education seminar on the 1996 Tax Act conducted for the Idaho State Society of Certified Public Accountants. Page 2 of 7
Research Activities Journal Articles Persellin, M., and E. Shawn Novak. 2010. Death of a Loophole: Do Recent Decisions Portend Doom For Ninth Circuit's Rationale in Boise Cascade. Corporate Taxation, 37(5): 19-24. Novak, E. Shawn, and M. Persellin. 2008. The Disallowance Provision of 162(k). Corporate Taxation, 35(1): 3-16. Price, D., and E. Shawn Novak. 2000. The Income Redistribution Effects of Texas State Lottery Games. Public Finance Review, 28(1): 82-92. Price, D., and E. Shawn Novak. 1999. The Tax Incidence of Three Texas Lottery Games: Regressivity, Race and Education. National Tax Journal, 52(4): 741-751. Persellin, M., and E. Shawn Novak. 1995. Start- Up Costs; Planning Opportunities and Compliance Issues. Journal of Corporate Taxation, 22(2): 141-152. Novak, E. Shawn, and M. Persellin. 1993. Amortizing Bond Premiums Can Provide Tax Savings for Investors. Journal of Taxation of Investments, 10(2): 98-109. Persellin, M., and E. Shawn Novak. 1993. State Individual Income Taxes: Basic Concepts and Planning. The CPA Journal. 63(9): 36-38; 88-91. Contributions to Textbooks Novak, E. S. 1999. Itemized Deductions, in Fundamentals of Individual & Entity Taxation 2000 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1999. Other Pass- Through Entities, in Fundamentals of Individual & Entity Taxation 2000 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1999. Other Pass- Through Entities, in Solutions Manual to Accompany Fundamentals of Individual and Entity Taxation, 2000 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1999. Other Pass- Through Entities, in Instructor s Manual to Accompany Fundamentals of Individual and Entity Taxation, 2000 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1999. Other Pass- Through Entities, in Student Study Guide to Accompany Fundamentals of Individual and Entity Taxation, 2000 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Page 3 of 7
Novak, E. S. 1999. Itemized Deductions, in Solutions Manual to Accompany Fundamentals of Individual and Entity Taxation, 2000 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1999. Itemized Deductions, in Instructor s Manual to Accompany Fundamentals of Individual and Entity Taxation, 2000 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E.S. 1999. Itemized Deductions, in Student Study Guide to Accompany Fundamentals of Individual and Entity Taxation, 2000 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1998. Itemized Deductions, in Fundamentals of Individual & Entity Taxation. 1999 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1998. Other Pass- Through Entities, in Fundamentals of Individual & Entity Taxation. 1999 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1997. Itemized Deductions, in Fundamentals of Individual & Entity Taxation. 1998 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1997. Other Pass- Through Entities, in Fundamentals of Individual & Entity Taxation.1998 Edition. (Eds.) Karen A. Fortin and Shirley Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1995. Itemized Deductions, in Federal Taxation- Individual 1996 Edition. (Eds.) K. Fortin and S. Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1995. S Corporations, in Federal Taxation- Corporations, Partnerships, Gifts, Estates, and Trusts 1996 Edition. (Eds.) K. Fortin and S. Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1995. S Corporations, in Study Guide to Accompany Federal Taxation- Corporations, Partnerships, Gifts, Estates, and Trusts, 1996 Edition. (Eds.) K. Fortin and S. Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1995. S Corporations, in Instructor's Manual to Accompany Federal Taxation- Corporations, Partnerships, Gifts, Estates, and Trusts, 1996 Edition. (Eds.) K. Fortin and S. Dennis- Escoffier. (Houston: Dame Publications Novak, E. S. 1995. Itemized Deductions, in Study Guide to Accompany Federal Taxation- Individual, 1996 Edition. (Eds.) K. Fortin and S. Dennis- Escoffier. (Houston: Dame Publications Page 4 of 7
Novak, E. S. 1995. Itemized Deductions, in Instructor's Manual to Accompany Federal Taxation- Individual, 1996 Edition. (Eds.) K. Fortin and S. Dennis- Escoffier. (Houston: Dame Publications Textbook Review From 2001 through 2006 I reviewed and evaluated homework problems and solutions for two chapters in West Federal Taxation - Corporations, Partnerships Estates & Trusts. I also reviewed and evaluated the exam questions and solutions for these same chapters in the Instructor s Manual. Chapter 13: Comparative Forms of Doing Business Chapter 17: The Federal Estate & Gift Taxes From 2001 through 2006 I reviewed and evaluated homework problems and solutions for two chapters in West Federal Taxation - Individuals. I also reviewed and evaluated exam questions and solutions for these same chapters in the Instructor s Manual. Chapter 13: Itemized Deductions Chapter 10: Tax Payment Procedures and Tax Credits Selected Service 2010-2012 Graduate Policy Committee, College of Business and Economics, Boise State University. Committee is responsible for strategic planning for graduate business programs and evaluation of ongoing programs for continuous improvement. 2010-2010 Accounting Department Recruiting Committee. Evaluate pool of candidates for tenure track faculty position and determine which candidates were best qualified for campus interviews. 2008-2012 Chair Boise State University Foundation Scholars Service Award Selection Committee 2005-2012 Boise State University, Executive Budget Committee 1998 - Director Master of Science in Accountancy Taxation Degree Program 2003 - Internal Revenue Service, Tax Practitioner Liaison Committee, Idaho 2003-2007 Boise State University Honorary Doctorate Committee 2002-2007 COBE Marketing Committee. Select outstanding alumni, plan award ceremony, plan graduate student social events each semester. 2001-2007 Faculty Senate College of Business & Economics Representative 1999-2001 Chair and member Boise State University, Faculty Finance Committee 1999-2000 College of Business and Economics, Technology Committee 1998-2004 Student Org Advisor, Golden Key International Honor Society. 1996 - Department of Accounting, Graduate Curriculum Committee. Presentations and Media Interviews Speaker, Tax Reform; Where We Have Been and Where We Are Going (Maybe?), The Gem State Tax Symposium, Boise, Idaho, June 13, 2014. Page 5 of 7
Panelist, National Leadership Roundtable on Consumer Tax Compliance, The Tax Institute, Washington, DC. March 27, 2014. Guest Speaker, Carbon Tax Center, Washington, DC. March 26, 2014. Addressed a national audience of climate change scientists, public policy researchers and business leaders concerning the prospects of including a carbon tax in comprehensive tax reform legislation. Speaker, Tax Reform: Compliance and Administrative Issues, American Institute of Certified Public Accountants, National Tax Conference, Washington, DC. November 4, 2013. Tax Perspectives on Emission Allowance Transactions in a Cap and Trade System, Western Energy Policy Research Conference, August 25-26, 2011, Boise, Idaho. Watching Idaho's Money with host Brian Wiley (KIDO, Boise, Idaho). Discussed tax system reform in the US and the stresses on our current tax system as an invited guest on a one- hour radio talk show. The focus of the show was on tax system reform in the US and the stresses on our current tax system. May 9, 2011. ThinkWing Radio with host Mike Honig (TALK650, Houston, Texas). Discussed tax policy issues as an invited guest on a one- hour radio talk show. Fielded questions from the radio audience. November 19, 2010. Austin American Statesman. Austin American Statesman business & economics reporter, Eric Dexheimer, interviewed me by phone over a two week period for background information regarding a series of articles that he was writing. The articles concerned how the revenues from the Texas Lottery were increasingly supplied by the poorest members of society. I have published articles in public policy journals regarding the regressive nature of Texas lottery games and that is why he interviewed me. I was quoted in the articles. (August 22, 2010 - September 1, 2010). Recent Personal Professional Development Activities "2014 OECD International Tax Conference," Organization for Economic Cooperation and Development, Washington, DC. (June 2, 2014 - June 3, 2014) "The Federal Income Tax at 100: How Did We Get Here and Where Should We Go Next? A Forum of Tax Policy Experts and Tax Policy Makers," Tax Policy Center, Washington, DC. (August 10, 2013) "Tax Administration at the Centennial: An IRS- TPC Research Conference," Urban- Brookings Tax Policy Center, Washington, DC. (June 20, 2013) Page 6 of 7
"Tax Simplification: What Can the U.K. and U.S. Learn from Each Other?," The Technology Policy Institute and the Progressive Policy Institute, Washington, DC. (May 7, 2013) "Real Specifics: 15 Ways to Rethink the Federal Budget Part II: Addressing Entitlements, Taxation, and Revenues," Hamilton Institute, Washington, DC. (February 26, 2013) "Twelfth Biennial Federal Bar Association Invitational Conference on Tax Legislation and Administration," Federal Bar Association, Washington, DC. (February 20, 2013) "On the Edge, Navigating America's Looming Fiscal Cliff," National Journal, Washington, DC. (October 16, 2012) "Taxes and the Poor," Tax Analysts & the Urban Institute, Washington, DC. (October 12, 2012) "Civil Conversations: Restoring Civility to the Debt Discussion," Brookings Institution, Washington DC. (October 9, 2012) "Why Taxes Matter: The Impact of Tax Policy on Strategic Business Decisions," Tax Council Policy Institute, Washington, DC. (February 19, 2014 - February 20, 2014) "2013 OECD International Tax Conference," Organization for Economic Cooperation and Development, Washington, DC. (June 3, 2013 - June 4, 2013) "Taxation of Intangibles: Implications for Growth, Jobs and Competitiveness," Tax Council Policy Institute, Washington, DC. (February 13, 2013 - February 14, 2013) "The New Realities of Tax Risk Management: Navigating Risk in a Complex World," The Tax Council Policy Institute, Washington, DC. (February 15, 2012 - February 16, 2012) "What the Super Committee Should Say?," Brookings Institute, Washington, DC. (November 21, 2011) "Can America Get its Entrepreneurial Groove Back?," Brookings Institute, Washington, DC. (November 15, 2011) "Jobs, Inequality, and the Role of Government," Center for Economic and Policy Research, Washington, DC. (October 11, 2011) "Budget Pressure and Changing the Charitable Deduction: For Better or Worse," Urban- Brookings Tax Policy Center, Washington, DC. (October 7, 2011) "Taxation and the Environment," Lewis & Clark Law School, Portland, OR, Portland, OR. (October 8, 2010) Page 7 of 7