Jim Penn

Forensic, Litigation and Valuation Partner

Jim Penn
Office
Fort Worth
Direct Dial
817.259.9120
817.259.9121
817.259.9120
Jim.Penn@whitleypenn.com
Education

B.B.A. University of Houston, magna cum laude, 1978

Jim Penn is one of the founders of Whitley Penn and is the Partner-in-Charge of the Forensic, Litigation & Valuation Services practice group. Jim is a certified public accountant (CPA), accredited in business valuations (ABV), holds a Group 1 License (Inactive) from the Texas Department of Insurance, and holds Series 7 & 66 Licenses (Inactive) – Registered Representative (NASD).

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For a copy of Jim’s CV, click here.

Experience
  • Arthur Andersen & Co., Houston and Fort Worth Offices, (1978-1981)
    • Tax Department; Oil and Gas/Real Estate Divisions
  • Rylander, Clay & Opitz (1981–1983)
    • General Services & Tax Services
  • Whitley Penn, Fort Worth Office, (1983–Present)
    • Co-Founded 1983; Managing Partner (1983-1990)
    • Partner in Charge – Forensic, Litigation & Valuation Services (1990-Present)
    • Primary Areas of Focus:
      • Valuation of business entities and intangible assets
      • Economic damages and lost profit calculations
      • Family law matters including tracing and characterization of marital assets, forensic analysis, and quantification of equitable reimbursement claims
      • Forensic accounting
      • Assistance at depositions, mediations, and trials providing case strategies, courtroom exhibits and financial solutions
      • Financial statement modeling and forecasting
      • Buyer/Seller representation in mergers and acquisitions
Professional Certifications
  • Certified Public Accountant (CPA)
  • Accredited in Business Valuations (ABV)
  • Group 1 License – Texas Department of Insurance (Inactive)
  • Series 7 & 66 Licenses – Registered Representative (NASD) (Inactive)
Professional Organizations
  • American Institute of Certified Public Accountants -AICPA (including Forensic & Valuation Services Division)
  • Texas Society of Certified Public Accountants- TSCPA (including Litigation Services Section)
  • Fort Worth Chapter of TSCPA
  • Dallas & Tarrant Bar Association Family Law Sections – Associate Member (non-lawyer)
  • Financial Consulting Group, L.C.
Board and Community Service
  • Hurst-Euless-Bedford Chamber of Commerce – Former Chairman of Board (1989-1990)
  • HCA HEB/N. Hills Hospital – Board Member (1991-2018) – Former Chairman of Board (1995/1996 and 2000/2001)
  • Texas Scottish Rite Hospital for Children – Board of Trustees (2016-Present)
  • Chase Bank – Board Member (1989-1993, 1998-2000)
Seminars/Lectures/Publications
  • Advanced Family Law
    • 2000 Speaker/Author “Commercial vs. Personal Goodwill”
    • 2002 Speaker “Helping Judge and Juries Understand Valuation Testimony”
    • 2002 Speaker “Maintenance is Alive and Well in Texas”
    • 2003 Speaker “Valuations”
    • 2007 Moderator “Long-term Financial Planning in Connection with Divorce”
    • 2008 Panelist “How to Calculate, Prove & Present Financial Issues”
    • 2009 Panelist “Employment Plans and Benefits”
    • 2012 Speaker/Author “Presenting Your Property Case Using Technology”
    • 2017 Speaker “Employee Benefits, How The World Is Changing”
    • 2018 Speaker “The Tax Cuts & Job Act – What Family Law Attorneys Need to Know”
  • New Frontiers in Marital Property Law
    • 2006 Panelist “Reimbursement & Economic Contribution”
    • 2007 Panelist “Fundamental Issues Ripe for Challenge”
    • 2008 Panelist “Exploring Employment Plans and Benefits”
    • 2009 Panelist “Property Issues Amid Fairness Concerns”
    • 2010 Panelist “Tax Planning for Divorces”
    • 2011 Panelist “Deferred Compensation”
    • 2018 Speaker/Author “Tax Issues of Unwinding and FLP”
  • Other
    • 1997 Speaker Texas Society CPA’s Tax Institute – “Valuation of FLP’s”
    • 1998 Speaker Fort Worth Small Business Council – “Business Valuations”
    • 1999 Speaker/Author Dallas Family Law Section – “The New Equitable Interest Rules”
    • 2002 Speaker/Author American Academy of Matrimonial Lawyers – “Valuation Update: Discount2018 Speaker TAFLS – “The Tax Cuts & Job Act – What Family Law Attorneys Need to Know”
    • 2002 Speaker TSCPA – “SFAS 141 & 142 – Business Combinations and Intangible Assets”
    • 2003 Speaker UH Family Law Practice Seminar – “Economic Contribution Claims”
    • 2004 Speaker TAFLS – “Trial Strategies for Addressing Tax Considerations in Dividing Assets and Debts”
    • 2004 Speaker Advanced Expert Witness – “Business Valuation of a Partner’s interest in a Law Firm”
    • 2006 Speaker Collin County Bench Bar Conference – “Litigating the Property Case”
    • 2007 Webcast CLE Family Law – Business Valuations
    • 2008 Mock Trial TAFLS – Business Valuation Expert
    • 2012 Speaker Marriage Dissolution Institute – “Valuation Post Von Hohn”
    • 2016 SMU Law School Guest Speaker – “Marital Property/Tracing and Characterization”

 

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