|
Litigation Consulting |
Update |
|
Forensic Accounting - Fraud - Business Valuation |
|
August 2008 "Family Limited Partnerships: Great Facts -- and the Taxpayer Still Loses!"By Chris Hamilton, CPA, CFE, CVA The value of hiring an Arxis Financial valuation expert is often tied to the ability to authoritatively establish and support control and marketability discounts. Often, this is required in the context of estate and tax planning through family limited partnerships. The IRS continues to challenge the advantageous tax attributes of family limited partnerships (FLP) when minority interests are gifted to family members. In a recent case (Holman v Commissioner, 130 T.C. No.12, Docket No 7581-04, May 27, 2008) the courts sided with the IRS and the reasons are instructive in how FLP’s should be structured and managed to avoid a similar result. (click here for complete article) Practice Profile:An Overview of Our Fraud Investigation & Prevention PracticeUnfortunately, fraud is often undetected or under-estimated, since fraud, by its nature, involves concealment and deception. Since most fraud investigations are initiated due to suspicions about a certain type of fraud or a suspected individual, it is helpful to engage the expertise of a trained fraud examination specialist. Fraud investigations differ from financial audits in that the focus is on oddities and accounting irregularities that indicate patterns of criminal financial conduct. Fraud prevention is aimed at identifying those areas that are vulnerable to fraud, then establishing systems and procedures to prevent it. (click here for complete article) The Fraud Investigation & Prevention practice is headed by partner Chris L. Hamilton, CPA, CFE, CVA, DABFA. Mr. Hamilton is a Certified Public Accountant, Certified Fraud Examiner, Certified Valuation Analyst, and a Diplomate with the American Board of Forensic Accounting. He is a licensed life and disability insurance agent and a General Securities Representative. Mr. Hamilton has published articles in several publications, and has made presentations at national conferences, training institutes and seminars on topics including forenisc accounting, fraud and business appraisal. Arxis Financial respects your time and your privacy. If you no longer want to receive e-mails such as this one, please click here or respond to this e-mail and type "Unsubscribe" in the subject or message box. Copyright 2008 Arxis Financial. Articles may not be reprinted without permission. |
 |
 |
|
Litigation Consulting |
||
Forensic Accounting - Fraud - Business Valuation |
||
Clients know us for results. Opposing counsel know Arxis for wishing they had hired us. |
||