Category Archives: Forensic Accountant

The Difference Between a Will and Inherited Trust From a Tax Stand Point

When it comes to the death of a loved one, it can be difficult to understand what is going to take place with their property and how to count it when paying taxes. It’s difficult understanding the differences between a will and a trust. The difference between wills and trust from a tax standpoint varies from state […]

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What to Do When Seeking Personal Property Renditions

When you own a business, you’re legally required to report any personal property used in your business to the county appraisal office. A personal property rendition is a form stating information about your personal property, which helps the county decide how to tax you and your business. Here’s a guide to making personal property claims. […]

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Dividing Property in a Divorce? What to Consider When Splitting Assets

Divorce can get messy. The longer you’ve been together, the more likely you’ve accumulated assets. Working with a forensic accountant can help you make smart decisions about how you’d like to divide your property—including the tax implications that arise. Splitting your assets right down the middle may not make sense for your particular situation. If […]

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Identifying Hidden Assets: Techniques and Limitations to Find Hidden Assets

Ideally, divorces should fairly split assets between spouses. This doesn’t necessarily mean dividing assets right down the middle or splitting them according to whose income bought them. If one spouse managed the household or raised children while the other was the primary breadwinner, their contributions should be acknowledged. However, not all divorces are friendly. Some […]

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