How Forensic Accountants Use a Lifestyle Analysis to Find Hidden Assets
Sometimes divorcing spouses or sparring former business partners illegally hide assets to prevent their fair division. And fraud perpetrators almost always try to […]
Defer a Current Tax Bill with a Like-Kind Exchange
If you’re interested in selling commercial or investment real estate that has appreciated significantly, one way to defer a tax bill on the […]
Treasury and IRS Issue Guidance on the Qualified Alternative Fuel Vehicle Refueling Property Credit
As reported via IR-2024-16 on 1/19/2024
The Internal Revenue Service and the Department of the Treasury today issued
FinCEN Alerts BOI Reporting Companies to Fraud Attempts
As the Financial Crimes Enforcement Network (FinCEN) opens its beneficial ownership information (BOI) reporting portal, its BOI webpage, reflects a fraud alert for individuals and […]
New Beneficial Ownership Reporting Requirements Effective 1/1/24
Starting in 2024 newly formed, corporations, limited liability companies (LLCs), limited partnerships, and other entities that file formation papers with a state’s Secretary of State’s office (or […]
IRS Lets Employers Repay Questionable ERTC Claims at a Discounted Rate
As reported via IR-2023-247 on 12/21/2023
As part of an ongoing initiative aimed at combating dubious Employee Retention Tax Credit (ERTC) claims, the […]
IRS Continues Dissuading Questionable ERTC Claims
As reported via IR-2023-230 on 12/6/2023
Don’t Overlook Taxes When Contemplating a Move to Another State
When you retire, you may think about moving to another state — perhaps because the weather is more temperate or because you want to be closer to […]
Rebuttal Reports May Bridge the Gap Between Conflicting Business Valuation Conclusions
It’s common for business valuation professionals to disagree about the valuation of a private interest — even when both are objective and apply […]
