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Richard Toolson
Faculty:
Professor
Department of Accounting
Washington State University, Pullman
Office: Todd 237D
Phone: 509-335-2121
Email: toolson@wsu.edu
Media: Please contact Debbie Brood for more information
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Expertise:
- Accounting: Retirement planning
- Accounting: Tax accounting
- Accounting: Taxation of investments
Teaching Area:
- Master of Accounting (MAcc)
- Undergraduate - Accounting
Research:
- Taxation of Treasury Inflation-Protected Securities
- Retirement versus taxable accounts for equities
- Comparison of defined contribution versus defined benefit plans at public universities
- Maximizing FDIC Coverage Through Proper Asset Titling
- Tax Efficient Asset Positioning Between Taxable and Retirement Accounts
- ETFs as an Alternative to High Fee 401(k) plans
Education:
- Ph.D., Accounting, Arizona State University, 1987
- MA, Accounting, Arizona State University, 1985
- MBA, Brigham Young University, 1976
- BA, Economics, minor in Spanish, Brigham Young University, 1974
Professional Memberships:
- Washington Society of CPAs
Publications:
- Article (Refereed journal): "Tax Efficient Exchange Traded Funds in Taxable Accounts as an Alternative to High Fee 401(k) Plans," Journal of Taxation of Investments, 2012
- Article (Refereed journal): "Tax Efficient Asset Positioning Between Taxable and Retirement Accounts," Taxes, 2011
- Article (Refereed journal): "Should Prospective Retirees Forgo Tax-Deductible Contributions to Retirement Plans to Reduce Required Minimum Distribution Payments?," Journal of Financial Service Professionals, 2010
- Article (Refereed journal): "FDIC Coverage, Asset Titling, and Tax Planning in Response to the Emergency Economic Stabilization Act of 2008," Journal of Taxation of Investments, 2009
- Article (Refereed journal): "Retirement Plan Options for Public University Faculty-The High Cost of a Wrong Choice," Journal of Pension Planning and Compliance, 2008
- Article (Refereed journal): "Retirement Plan Options for Public University Faculty-The High Cost of a Wrong Choice," Journal of Deferred Compensation, 2008
- Article (Refereed journal): "Tax Planning for the Use of TIPS at Retirement," The Tax Adviser, 2007
- Article (Non-reviewed journal or magazine): "Dividend Strategies at Retirement-Taxable Accounts versus IRAs?," ATA (American Taxation Association) Case Exchange Program, 2006
- Article (Non-reviewed journal or magazine): "When Should Investments in Equities Earmarked for Retirement Be Placed in Taxable Accounts Instead of Retirement Accounts?," CCH Financial and Estate Planning, 2006
- Article (Refereed journal): "When Should Investments in Equities Earmarked for Retirement Be Placed in Taxable Accounts Instead of Retirement Accounts?," TAXES, 2006
- Article (Refereed journal): "Formulating a Tax-Efficient Dividend Strategy for Retirement," Practical Tax Strategies, 2005
- Article (Refereed journal): "Tax and Investment Planning With Royalty Trusts," The Tax Adviser, 2005
Experience:
Teaching
- Teaching Assistant, Arizona State University, 1983-1985
- Instructor of Accounting, Weber State University, 1981-1982
Professional
- Staff Accountant, Holley and Associates CPAs, 1978-1981
- International Sales Coordinator, FMC Corporation, 1976-1978
Service:
- 14 Masters of Accounting oral committees, Member
- UPPC, Chair
- Undergraduate Program Policy Committee (UPPC), Chair
- Distinguished Faculty Address Committee, Member
- Accounting Ph.D. dissertation committee, Member
- Undergraduate and Masters Program Task Force, Member
- Fee Committee (Presidential), Member
- Search Committee for Accounting Professor at Tri-Cities campus, Member
Awards:
- Teaching Innovation Grant
, College of Business
, 2005
- Dean's Fellow
, College of Business
, 2005
- Accounting Professor of the Year
, WSU Chapter of Beta Alpha Psi
, 2001
- Stanford Summer Tax Conference
, Stanford University
, 1990
- Deloitte Haskins and Sells Doctoral Fellow
, Deloitte Haskins and Sells
, 1984
Languages:
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