This past Wednesday, SMIF had the pleasure of welcoming David Silver, a longtime friend of the Student Managed Investment Fund, back to campus. David graduated from Bucknell in 1987 with a BSBA in Accounting. While a student here he performed with the Orchestra and competed with the Men’s Crew Team, for which he is now the fundraising chair. David has spent a long career working in tax – he currently is a Tax Partner at RSM in the DC area. Before joining RSM, David was a Tax Senior Manager at Ernst & Young for almost nine years. Before that, he was a Professor of Income Taxation at Bellermine University, as well as a Tax Senior at Arthur Andersen.
SMIF was eager to pick David’s brain about taxation in regard to SMIF’s holdings. David took the class through several 10k reports and offered insight as to what tax items within the financial statements and footnotes would be of importance to investors. He stressed the importance of Deferred Tax Assets and Deferred Tax Liabilities in particular. We thank David for taking the time to speak with SMIF, and aim to put his tax advice to work in the future.