Understating Income on Your Tax Return – Are You an Innocent Spouse?

When we are providing consulting services relating to a divorce, we are often asked to perform a business valuation and/or make a determination of income of one or both of the spouses for support purposes.   During the course of our work we will review and utilize the joint income tax returns of the parties.  It …

Keep Reading

To Record or Not Record Donated Services

There are only certain situations when the value of donated services should be recorded in the financial statements as income.  One of those situations is when the services create or add value to a “non-financial asset”, such as when a building is constructed.  In that case, any donated services relating to that construction would be …

Keep Reading

Need a Credentialed Phoenix Real Estate Appraiser?

In the current unpredictable and volatile real estate market, the expertise of a well-credentialed real estate appraiser who is knowledgeable about the property type and market area is particularly valuable when making sound decisions regarding real property. Arizona requires that all real estate appraisals are to be performed by state licensed or state certified appraisers.  …

Keep Reading