Kimberly A. Haumann

Enrolled Agent

Tax Manager 

As a Tax Manager in Blackman Kallick’s Not-for-Profit Practice, Kim serves many of the firm’s private foundations, as well as trade and professional associations and charities. She performs tax and accounting work for estates, family limited partnerships, trusts, and corporations.

Kim’s responsibilities include:

• Supervising and reviewing preparation of federal and state tax returns
• Ensuring compliance with employment-related tax regulations
• Minimizing unrelated business income tax (UBIT) and penalties related to excess benefits
• Overseeing distributions for private foundations
• Managing accounting and bookkeeping services for family limited partnerships and trusts

As an Enrolled Agent, Kim is federally authorized to represent clients before the IRS. By meeting the stringent EA continuing professional education requirements, she stays current on changes to the evolving federal and state tax codes. As a result, Kim is able to keep her clients in compliance while also identifying opportunities to make the most of tax incentives.

Because of her extensive knowledge of employment-related tax laws, both for-profit and tax-exempt organizations turn to Kim for clarification of tricky payroll questions, such as: Are airline miles considered taxable fringe benefits? What about gift cards? Could the contractor you hired be classified as an employee? In addition to addressing these questions, she also provides representation or advice in the event of a payroll or unemployment audit.

Private foundations turn to Kim for her expertise in maintaining compliance with tax, required minimum distribution, and excess-holding rules. She frequently fields questions from administrators about the tax implications of actions such as awarding international grants and recording capital gains. 

By maintaining constant contact with the not-for-profit’s audit team, Kim stays abreast of developments that might affect its tax liability or threaten its tax-exempt status. This early communication allows Kim to proactively take advantage of opportunities to minimize its tax liability. 

Credentials and Professional Involvement

Kim frequently presents to Blackman Kallick not-for-profit clients on topics such as executive compensation, reporting of sponsorship and royalty agreements, and taxability of rental income. She has also presented to the Illinois CPA Society (ICPAS) on Form 990 pitfalls and common audit triggers. She is an active member of the American Institute of CPAs and the ICPAs.

Kim earned a BA in Accounting from Columbia College of Missouri and has more than 20 years of accounting and tax experience.

Articles by Kim Haumann

• 2012 Standard Mileage Rates
• 2011 and 2012 Increase to Federal Unemployment Taxes
• Employers Get a Small Break: FUTA Tax Decreases
• IRS Increases Mileage Rates for Remainder of 2011
• Accountable Plans 101
• Potential Refund Available for FICA and FUTA taxes on Severance Payments
• Can you find your signed Form W-9’s? If not, it could cost you 28% of amounts paid!
• 20 Factor Common Law Test for Employee Classification
• Employee vs. Independent Contractor - Brief Review of the Rules
• Beware: IRS to Conduct 6,000 Audits of Employee/ Independent Contractor Classifications