War Story 119

Subject: Business Management Services; Wire Transfer Fraud

John Duval, CPA, had been engaged for several years by a high-net-worth client, Ed Robertson, who developed commercial and residential real estate. Duval provided business management and bill-paying services, which included wire transfer authority to pay Robertson's bills and transfer funds.

Recognizing the Signs of Elder Abuse

By Randy R. Werner, J.D., LL.M./Tax, CPA

The elderly population in the U.S. (those 65 and older) is projected to grow to 80 million by the year 2050, and the incidence of elder abuse, including the hard-to-detect financial and material exploitation perpetrated against elders, is also expected to grow. Financial neglect, financial exploitation, and health care fraud are among the more egregious abuse in this category of elder abuse.

Taxpayer Filing Requirements for Foreign Accounts

If your client has a financial interest in, or signature authority over, any foreign accounts, certain filing requirements with the U.S. Department of the Treasury, in addition to the Internal Revenue Service (IRS) may apply. Filing requirements may also apply to taxpayers that have direct or indirect control over a foreign or domestic entity with foreign financial accounts, even if the taxpayer does not have foreign account(s).

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Latest Articles

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  • 07 Jul

    War Story 119

    Subject: Business Management Services; Wire Transfer Fraud

    John Duval, CPA, had been engaged for several years by a high-net-worth client, Ed Robertson, who developed commercial and residential real estate. Duval provided business management and bill-paying services, which inclu... read more