Tag Archives: CPA
Should a CPA be an Estate Trustee for a Client?
We recently encountered a situation in which a successful businessman, who had accumulated significant wealth during his career, felt he was a danger to himself, because he was an alcoholic and he had a couple of car crashes while driving … Continue reading
Posted in Asset Protection, California Trust Law, Estate Planning, Trust Administration, Trusts & Estates
Tagged asset management, beneficiary, certified public accountant, conflict of interest, CPA, estate trustee, fiduciary, irrevocable trust, lose wealth, power of attorney, protect estate, prudent investor, wealth management
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What To Do With Your Underwater House: Options Include Loan Modification, HARP, Short Sale, Foreclosure
We have written before about the current situation across the country in which so many homeowners have mortgages that are underwater. The coming tsunami of foreclosures on distressed properties is bound to have an impact on the slowly recovering real estate market. … Continue reading
Posted in Distressed Property, Loan Modification, Residential Real Estate, Short Sale
Tagged A Paper loan, abandoned property, AnnualCreditReport.com, balloon payments, Brent T. White, California, California real estate attorney, cancellation of debt, COD, Connie Yi, CPA, credit score, deferred payment, Distressed Property, fair market value, FDIC, foreclosure, Form 1099A, Form 1099C, free credit report, government initiatives, HARP, Home Affordable Refinance Program, income level, interest rate reduction, KDOW 1220 AM, leveraging assets, liar loan, Loan Modification, lower monthly payments, Making Home Affordable, MHA, modify mortgage, mortgage modification, MP3 podcast, Net Present Value Calculator, overdue payments, radio program, real estate market, refinancing, residential property value, San Francisco Bay Area, short sale, tax liability, Underwater House, Wealth Preservation and You
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Offshore Voluntary Disclosure Initiative is Revised Indefinitely for Undeclared Offshore Bank Accounts and Overseas Assets
The Internal Revenue Service has reopened the very popular and lucrative Offshore Voluntary Disclosure Initiative (OVDI) for an indefinite period, according to the IRS Newswire release on January 9. If your middle name is “Revenue” and you discover a way … Continue reading
Posted in Offshore Bank Account, Overseas Assets, Tax Law
Tagged California Tax Attorney, Connie Yi, CPA, Internal Revenue Service, IRS Newswire, Offshore Voluntary Disclosure Initiative, OVDI, overseas assets, San Francisco Bay Area, U.S. taxpayers, Undeclared Offshore Bank Accounts
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