When one or both spouses have an ownership interest in a business, it is critical to get both income tax returns and financial statements for the entity. It is impossible to fairly evaluate the business and the income from it […]

An attorney hired to handle a $3.7 million estate ended up stealing more than $1.5 million from it, spending some of the money on personal expenses and losing the rest through online day trading. By the time Duncan Connelly was […]

Determining the income of the parties to a divorce or child custody case is critical, as it affects spousal support and child support. It may also affect the division of assets, particularly if there are income-producing assets to be divided.  […]

When the IRS believes a taxpayer has unreported income, they will use alternative methods to attempt to determine the true income. One of those methods is the Expenditures Method. Tracy Coenen explains the basic methodology in this video. Note that […]

The thing that caught my eye about this story was the description of the financial statements as “sanitized.” I know what that means, and I bet the investors in Pacific Private Money wish they had heard about sanitized financial statements […]

Brett H. LaChappelle of Two Rivers, Wisconsin, has been busy telling the internet about himself. One of his recently published biographies describes himself as a special needs aide working with people with autism and intellectual disabilities. It discusses his education, […]

Interviewing witnesses and suspects is a critical part of any fraud investigation. There are tons of resources out there to help fraud investigators learn how to become effective interviewers. There are books, videos, courses, and certifications.  I’m going to quickly […]

The Federal Trade Commission is taking what it calls “historic action” against Amway, one of the oldest and largest multilevel marketing companies in the United States. And yet, you’d be hard pressed to find any news stories about this. All […]