Richard C. Smith Elected to Arizona Tax Research Association Board of Directors


Jennings, Strouss & Salmon, P.L.C., a leading Phoenix-based law firm, announced that Richard C. Smith has been elected to the Board of Directors of the Arizona Tax Research Association (ATRA). Smith, a Member in the firm's Phoenix Tax, Estate Planning and Probate practice, will serve a five-year term, commencing January 1, 2011.

ATRA is a statewide, non-profit, non-partisan taxpayer association representing a cross section of Arizona businesses and individuals at the state and local level. Since 1940, the association has been Arizona's most respected and accurate independent source of public finance and tax information.
"I am honored to serve on the Board of the Arizona Tax Research Association," said Smith. "ATRA plays an important role in policing the state's expenditures to ensure taxpayer money is spent wisely. With a state deficit reported to be around $2 billion, we advocate the need to curb spending and align Arizona's corporate and personal income tax rates with other Southwestern states to increase jobs and commerce."

Smith represents clients in the areas of tax, estate planning, estate and trust administration, and corporate law. His focus is on counseling high net worth individuals, families and closely-held business organizations on business, tax, succession and asset protection planning, including merger and acquisition transactions. Smith also has a wide-range of experience in all facets of employee benefits, compensation and ERISA matters, including the design, implementation and operation of retirement plans, non-qualified deferred compensation, executive compensation, profit sharing, and incentive stock option plans. His extensive experience includes the administration of various types of 501(c)(3) filings.

Smith earned his J.D. from Syracuse University College of Law and a B.A. from Queens College of the City, University of New York. He is listed as a "Top Lawyer" for tax and trusts and estates by Arizona Business Magazine, and has written numerous articles on a variety of issues related to tax, estate planning and probate. Smith is licensed as an Arizona certified public accountant and currently resides in Phoenix.