Divorce and Retirement Assets; What you need to know now

In my December, 2015 blog, I explored spousal divorce and more specifically some tax considerations in the division of the marital estate.  Today, I will discuss another tax consideration related to spousal divorce. One must be careful when withdrawing money from a qualified retirement plan or traditional IRA before the age of 59.5 due to
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Tax Considerations in the Division of Marital Estate

In April, 2015 blog, I listed some areas where a forensic accountant might be hired in spousal divorce.  Today, I will explore another of those areas: tax considerations in the division of the marital estate. Before assets on a marital balance sheet are divided, one must consider that $100 of one asset may carry with
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Property Tax Notices

When we last left off I suggested we were going to talk about choosing the right appraisal for your needs. I’ve decided to take today’s topic in another direction, one in which I feel is more relevant to my readers. I’d like to focus today’s discussion on value notices and tax bills; how many taxpayers
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Separate Property in Spousal Divorce

In my April blog, I listed some of the many reasons a forensic accountant might be hired in spousal divorce, and then in June, I wrote broadly about analyzing income and determining cash flow as a step in determining whether support is appropriate.  Following this same pattern, today I will offer basics regarding a forensic
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Part 3: Sales Comparison Approach to Real Estate Valuation

Sales Comparison Approach to Valuation: We are now moving into the 3rd approach to valuation, Sale Comparison Approach.  We started off with the Cost Approach and in our last discussion we explored the Income Approach to Valuation.  The Sale Comparison Approach to value compares a subject property’s characteristics with those of comparable properties which have
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Analyzing Income or Cash Flow in Spousal Divorce

In my previous blog, posted in April, I discussed who hires a forensic accountant in spousal divorce and offered broad categories of what the forensic accountant might be hired to do: analyze income or cash flow, trace separate property, uncover and quantify previously undisclosed assets, summarize money spent on extramarital affair(s), or analyze tax consequences
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Ohio’s Sales Tax Holiday

Ohio’s Sales Tax Holiday is Friday, August 7, 2015 through Sunday, August 9, 2015! Are you ready? Ohio will experience its first sales tax holiday this summer. The sales tax holiday exempts sales tax from items purchased during a limited time. The Ohio sales tax holiday focuses on back to school items to assist families
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Forensic Accountants Role in Spousal Divorce

In my most recent blog, posted March 30, 2015, I wrote generally about how forensic analysis is a powerful tool for providing insight into complex personal or business financial situations.  By clarifying and summarizing historical financial events, a forensic accountant’s work affords a person knowledge leading to strength of position and peace of mind. One
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Beer & Taxes

The rise of craft breweries in the United States has brought into question the current taxation of breweries.  Presently, there are two proposed amendments to IRS Tax Code to adjust the excise tax on beer:  the Small BREW Act and the Fair BEER Act.   Barrels Existing Law Small BREW Act Fair BEER Act 0-7,143
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