Archive

Monthly Archives: September 2021

Properly Titling Trustees’ Signatures Can Protect Their Assets by Jeffrey M. Mutnik, CPA/PFS


Posted on September 24, 2021

When individuals sign legal documents, including personal checks, contracts, tax returns, etc., they generally are not required to add any language explaining who they are. Their names alone satisfy the legal requirements for validating those documents.   However, when those people are also officers of corporations or managers of partnerships or LLCs, they usually include their […]

Tips for Legal Counsel Working with Forensic Accountants by Richard Pollack, CPA


Posted on September 22, 2021 by Richard Pollack

Seasoned litigators consider forensic accountants their secret weapon when defending cases involving economic damages.  By relying on carefully honed skills to investigate, audit and uncover often-complicated financial transactions, forensic accountants can sort through mountains of data to connect seemingly unrelated dots and identify hidden assets or instances of fraud. In addition to identifying financial facts, […]

An Alternative Tax-Deferral Strategy for Passive Commercial Real Estate Investors


Posted on September 14, 2021

Tax-Deferral Strategies for Commercial Real Estate Investors Commercial real property investors have long relied on Section 1031 of the Internal Revenue Code to defer capital gains tax on the sale of appreciated property when they reinvest sales proceeds into similar like-kind property. However, with the Biden administration’s proposal to restrict the tax-deferral benefits of 1031 […]