Insights

Insights
CJBS

Divorce and I.R.S. Trouble for the Innocent Spouse

by Larry Goldsmith, CPA, J.D., M.A.F.F. As a Financial Forensic CPA traveling down the road of hidden assets and hidden income, I often observe bad behavior meant to intentionally punish a former spouse.  More than once, I have seen fear in the eyes of an innocent spouse who simply signed her name to a joint […]
December 10, 2013
3 MIN READ
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CJBS

Will You Be Paying More Tax on Similar or Less Income?

by Michael W. Blitstein, CPA  Most taxpayers would agree that paying more tax on similar or less income does not sound appealing.  The health care reform package (the Patient Protection and Affordable Care Act and the Health Care and Education Reconciliation Act of 2010) imposes a new 3.8 percent Medicare contribution tax on the net […]
December 5, 2013
4 MIN READ
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CJBS

Is Formal Discovery Required in a Divorce?

by Larry Goldsmith, C.P.A., J.D., M.A.F.F. In a recent case (which happens to be someone I know) the Appellate Court of Illinois ruled: “That if you fail to engage in formal discovery to ascertain the respondents’ net worth or assets that were or were not disclosed, then you did not act diligently and therefore lose […]
August 23, 2013
2 MIN READ
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CJBS

Tax Audit Red Flags

by Michael W. Blitstein, CPA The IRS audits only slightly more than 1% of all individual tax returns annually. So why do they pick some returns to investigate and ignore others?  Although there’s no sure way to avoid an IRS audit, you should be aware of the following red flags that could increase your chances of […]
April 1, 2013
4 MIN READ
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CJBS

Health Care Rebates

Donald J. Schaffer by Michael Blitstein, CPA, and Donald J. Schaffer, CPA/ABV, CVA, CFF Insurance companies have begun to issue rebates to policyholders on premiums resulting from final rules on the calculation and payment of medical loss ratio. As a quick summary, workers are entitled to the same share of the rebate as they pay for […]
August 13, 2012
2 MIN READ
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