An Accountancy Corporation
From the time I began working for Ron J. Anfuso CPA/ABV, An Accountancy Corporation, Ron stressed the importance of his accountants performing tax returns. Having now completed several hundred returns, many of which involve substantial assets and major tax complications, I have come to realize that having up-to-date knowledge of both forensic accounting and the…
DetailsTracing usually becomes an issue when community and separate property funds have been commingled in the same account(s) and then an asset is purchased with funds from that account. The mere commingling of separate property moneys in a community bank account does not destroy the separate property character of the funds, so long as they…
DetailsThere is indeed a missing component in the divorce process. Although not always required, it is a service that can actually increase clients’ level of satisfaction with their Family Law attorney. To have a clear picture of one’s own financial outlook five, 10 or even 20 years down the road can serve as a blessing…
DetailsCase Background Melvin and Maureen Collins were married for thirty-five years. In 2005, the couple separated and subsequently divorced. Melvin, who was the sole breadwinner, has been employed as a professor of economics at a prestigious Orange County university. During their marriage, Maureen was a stay-at-home mom. Their divorce settlement included a monthly spousal support…
DetailsApproximately three years after their marriage, Dawnel and Frank Bonvino purchased a family home in Westlake Village with a down payment from husband’s resources and the proceeds from a loan in his name. The property was purchased in 1996. Title to the home was taken in Frank’s name as sole and separate property. Approximately 15…
DetailsRon J. Anfuso, CPA/ABV, An Accountancy Corporation, was retained by a Family Law attorney on behalf of Jonathan Brown to perform accounting services. Our efforts included, but were not limited to (a) tracing the source, to separate or community property, of funds used to purchase a condominium in South Africa, and to determine the community…
DetailsRon J. Anfuso, CPA/ABV, An Accountancy Corporation, was retained by a Family Law attorney on behalf of Jonathan Brown to perform accounting services. Our efforts included, but were not limited to (a) tracing the source, to separate or community property, of funds used to purchase a condominium in South Africa, and to determine the community…
DetailsFred and Mary Brown had been married for almost 30 years. As a member of the senior management team of a Fortune 500 company, Fred was earning more than $1,250,000 a year. His objective was to attain a quick divorce. He had fallen in love with another woman, wanted a complete break from his marital…
DetailsThe party guilty of hiding assets and income during a marital dissolution proceeding is usually the spouse who is the major breadwinner, runs a business or handles the family finances. One of the valued tasks of a Forensic Accountant representing the more dependent party is to look for and uncover any hidden assets of the…
DetailsThe Case of Smith versusJones & Jones (Continued) Part one of this feature article introduced the malpractice action against the firm of Jones & Jones, LLP.** In this case, the plaintiff, Simon Smith, alleged that the law firm breached the Attorney Standard of Care for Family Law practitioners. In part one, I presented background on…
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