By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Ron’s Corner The marriage dissolution trial of Carol Smith (Petitioner) and James Smith (Respondent) commenced on April 8, 2024. Carol and James were married on April 19, 2008 and separated on June 23, 2016. The parties had three minor children. Petitioner filed for divorce on September…
Presented by Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA In our previous issue of Forensic Accounting Today, I presented a case that was not a family law matter. This was the first time I had done so. Sometimes we do get involved with other legal cases, such as civil litigation, trust, and probate disputes.…
In re the Marriage of Richard and Roberta Kubek Presented by Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Ron’s Corner In 2015, we presented the appeal of In re Marriage of Dawnel and Frank Bonvino. The appeal of this case reversed the trial court’s decision, which concluded that Frank had not transmuted his separate property…
By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Ron’s Corner When an attorney who hires a forensic accounting firm fails to promptly deliver all of the essential documents to that firm, it becomes unnecessarily difficult to conduct a thorough investigation and analysis. Thus, it creates a challenge to prepare a valid, thorough report that…
Many people are unaware of the nuanced tax implications that are associated with getting a divorce. There are several potential pitfalls that you will want to avoid during the divorce process and after the divorce is completed and a judgment is entered. Pitfall # 1 – California is a Community Property State and the IRS…
Presented Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA For the first time in 73 issues, I am presenting a case that was not a family law matter. Sometimes we do get involved with other legal cases, such as civil litigation, trust, and probate disputes. Most of the non-family law case accounting issues we have…
A divorce involving a high net-worth couple presents unique challenges. In such cases, a forensic accountant is almost always needed to unravel complex financial issues. The size of the net worth in a case is a major factor in determining how involved a forensic accountant must be. Often, high net-worth divorces require a comprehensive business…
Divorce is inherently complex, but when high net worth is involved, the financial intricacies can reach unprecedented levels. There are multifaceted challenges encountered in such cases, revealing the depth of complexities that often arise. Real Property and Other Complexities One significant issue revolves around businesses or professional practices owned prior to marriage. This may increase…
By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA Allen Johnson (petitioner) and Jessica Johnson (respondent) were married for 18 years. Prior to their marriage, Allen had invested in 16 properties. His life task was to buy properties and then remodel, rent and hold, or sell them. I served as the forensic accountant for Allen.…
Receiving a Request for Services By Ron J. Anfuso, CPA, ABV, CFF, CDFA, FABFA When we receive a request for services from an attorney, I do the following: • Ask for the basic information on the case. • Get the name of both parties, and who is the petitioner and the respondent. • Obtain the…