Paying Attention to Details in Financial Discovery
Let me tell you a story about going four rounds in the ring just to obtain a general ledger Round 1: Only the profit & loss section of...
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Tax Return Tuesday #5 - Schedule E Part 2
Happy tax return Tuesday! Today's must know tax return tip for family lawyers is Schedule E Part 2. Schedule E part 2 is helpful in...
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Round 1 vs. Round 2 of Financial Discovery
Let's talk Round 1 vs. Round 2 of financial discovery... Round 1 typically contains vague requests or disclosure requirements, as we...
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What is a General Ledger?
The general ledger is one of the most important documents divorce forensic accountants request when there is a business involved. The...
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Tax Return Tuesday #4 - Big Announcement
Happy tax return Tuesday ! Today we have a big announcement. I was thinking about all the positive feedback for the weekly tax return...
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The FTX Saga and Divorce Forensic Accounting
Some common themes I see playing out here, that I see all the time as a divorce forensic accountant: 1. Property records are often public...
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Careful of Tax Traps Hiding in the Marital Estate
Family lawyers, be mindful of the tax traps when splitting the marital estate. It's necessary to put all the assets on an "apples to...
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Tax Return Tuesday #3 - Schedule E Part 1
Happy tax return Tuesday. Today's must know tax return tip for family lawyers is Schedule E. Schedule E is too much to cover in one...
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The Litigation Devil is in the Details
A $500 Walmart gift card was a key clue in detectives arresting the couple that stole $4.5 billion in Bitcoin earlier this year. While...
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5 Financial Discovery Mistakes to Avoid
Here are 5 mistakes I made in financial discovery when I was a newbie 👇 1. Requesting K-1s for a C-Corp. K-1s are only for...
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Looking Under the Hood in a Business Valuation
Business valuations in divorce are unique. Clients often want us to “look under the hood” of the company financials, to determine the...
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Tax Return Tuesday #2 - Schedule B
Happy tax return Tuesday. Today's must know tax return tip for family lawyers is on an oldie but a goodie, Schedule B. Schedule B will...
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Determining Income for Real Estate Investors
Determining the parties’ income is usually one of the most important financial issues in a divorce matter. For your typical W-2 employee,...
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What is the Valuation Date?
One of the first questions I ask a prospect is, what is the Valuation Date? All valuations are performed as of a certain date known as...
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Always Get the Mortgage Applications
People tend to be two different people when applying for a mortgage vs. when they are getting divorced. Obtaining any mortgage...
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Tax Return Tuesday #1 - Refund Section
Happy tax return Tuesday! On Tuesdays I will be posting must know tax return review tips for family lawyers until I run out of them. Let...
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The Fraud Triangle in Divorce Cases
The fraud triangle is a popular tool to help understand why people commit fraud. It consists of 3 components: opportunity, incentive, and...
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Fair Value vs. Fair Value?
There are two different types of fair value in the context of a business appraisal. And no, they have nothing to do with each other....
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Think moving to Florida is just for retirees? Think again!
Think moving to Florida is just for retirees? Think again. Take Ben. Ben is 25 years old, single, lives in NYC and makes $100k a year....
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The Balance Sheet Doesn't Get Enough Attention in Forensics
The balance sheet doesn’t get enough attention in forensics. Business perks can be disguised as assets. Income can be disguised as a...
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