Arthur P. Jensen, Senior Tax Advisor

Arthur P. Jensen<br />CPA, University of Maryland
Arthur P. Jensen
CPA, University of Maryland

Curriculum Vitae

1968: University of Maryland Bachelor of Science Degree in Business Administration

1968-1977: KPMG; Rose to Senior Tax Manager, including final year in the National Tax Office of KPMG and worked with IRS National Office Personnel and United States Treasury Personnel

1977-1984  Main LaFrentz, then merged to Main Hurdman, CPAs. Managed tax practice as Office Partner in Charge and acted as National Partnership Expert for five years; Created their first National Training Program for Financial Planning for clients.

1985-1991: Touché Ross/Deloitte & Touché; Partner in charge of Tax Services of the Baltimore Office of Big 8 International CPA Firm

1992-2001: Wooden & Benson, CPAs: Partner in Charge of Tax Services of Firm in Baltimore

2002-Present: WealthServe, LLC; Founder & President

About Arthur P. Jensen

Art Jensen specializes in advanced tax, financial and estate planning. His background includes advising on business reorganizations, mergers and acquisitions, compliance, and technical advice rulings at both the IRS National Office level. He has guided corporate and individual clients with particular attention towards creative tax and financial planning and tax minimization strategies.

Art has often acted as the "advisor's advisor" to merger and acquisition advisory firms, private equity firms, and other CPA firms on how business sales and real estate transactions can be structured to minimize and avoid income taxes with more tax focused deal structuring, while adding greater deal security. He advocates that smarter selling can yield 30% and more for the seller.

He is an author, conference speaker and past tax conferences chairman. He wrote the 1031 Advisor and later the Tax Deferral Advisor column for nationally distributed CPA Magazine, and was named "One of the Top 40 Tax Advisors in the U.S. to Know During a Recession" by the magazine.

Upon graduation from University of Maryland, Art joined the then world’s largest CPA firm, now KPMG. He was quickly promoted to highest non-partner position in less than 5 years. As a tax manager, he has worked with many financial institutions, including Banks, Savings Banks, and Federal Savings & Loan Associations. He helped open the original KPMG office in Columbia, Maryland and served as the lead outside tax manager to The Rouse Co., then the largest Shopping Center Firm in the USA (which was later sold to Chicago-based General Growth Properties Inc. in 1996.) He was selected for a special 1976-1977 assignment with the Washington National Tax Office of KPMG dealing with complex and unusual tax planning situations and interfacing with IRS National Office and Treasury Department officials.

After leaving KPMG in 1997, Art joined national CPA Firm Main LaFrentz as Tax Partner. That firm merged to create Main Hurdman, where he accepted the role as their National Expert in Partnership Taxation. He developed their first national training program for financial planning, all while still serving a full slate of clients nationally. [Note: Main Hurdman later merged again into KPMG, but after Art had departed.]

In 1984, after his extensive experience at KPMG and Main Hurdman, Art accepted an offer from another national CPA firm, Touché Ross, as Office Tax Managing Partner in Baltimore. His client list included The Baltimore Orioles, their then GM Hank Peters, and many professional baseball players. He assisted corporate and individual clients, where he specialized in creative tax and financial planning and tax minimization strategies.

When Touché Ross later merged to create "Big 4" Deloitte & Touché in 1991, he soon left for greater independence with a local CPA firm, a leader in the Financial Institution Industry, where he joined as the new Tax Partner in charge of all tax services.

In 2002, Art finally opted to pursue his long held entrepreneurial desires when he formed his own financial and tax services firm WealthServe LLC, while simultaneously accepting a professional Alliance role with a significant financial services firm to lead their efforts in National Wealth Strategies Consulting, serving as their President – Wealth Strategies. He advised many very high net worth business owners and other individuals from all industries and worked closely with a nationwide list of legal and financial experts on tax minimization strategies.

In 2015, Art met Indiana Estate Attorney James W. Smyth, and they agreed to jointly further develop alternative methods to traditional financial tools to create a risk-free program to protect assets, reduce personal and Capital Gains taxes, and preserve wealth. Together, they formed Custom Structured Settlements, LLC to offer owners of investment properties unique, personalized and customized services that fit the specific needs and goals of their clients.

Honors and Memberships

Professional Highlights:

  • CPA since 1970
  • Past president, Baltimore Association of Tax Counsel
  • Past Chairman, Chesapeake Tax Conference
  • Past Co-Chairman of the Advanced Tax Institute
  • Former Treasurer of the Baltimore City Rotary Club
  • Speaker before numerous groups on tax and financial topics
  • Nationally Published Over 20 tax planning articles
  • Worked directly with a former Commissioner of Internal Revenue Service to successfully secure a significant tax refund from the United States Treasury Department
  • Held FINRA security licenses for Series 6, 7, 63 and 65

Honors & Recognitions

  • 2004: Top Maryland CPA, Baltimore Smart CEO Magazine
  • 2006: Top 100 CPA Tax Advisor by National publication, CPA Magazine
  • 2009: Top 40 CPA Tax Advisor, CPA Magazine

Publications

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