Burn a cross in the yard of a Black neighbor and you have committed a hate crime. Deface a local mosque or temple and you commit a hate crime but beat someone up solely because s/he is gay-as of today, that’s not a hate crime under federal law. That should soon change, however. The U.S. […]
Client Screwed Twice by Lawyers? (Legal Malpractice Post)
Legal Malpractice within Legal Malpractice (Or Twice Screwed) [Post updated January 2020. Ed. Note. Although this post is still relevant and current, newer information on legal malpractice can now be found on our sister legal malpractice website, US Legal Malpractice.] Talk about bad luck. Jackie Young claims her first lawyers botched her case and then […]
Bad Brokers Get Clean Record? Be Aware!
[Post updated March 2020] A feature story in this morning’s Wall Street Journal, “Keeping Bad Brokers from Fading into Background” tells the sad truth about what industry professionals already know: Information about bad brokers can disappear in as little as 2 years. Thankfully, all that changed in 2010. Currently FINRA discloses broker’s bad behavior for […]
Frequency Magazine Publication
If 2008 was the year that the economy started its tailspin, this is the year that Bernie Madoff, Sir Allen Stanford and Ponzi schemes dominated financial headlines. These events have a significant impact on accountants with tax practices and present excellent opportunities to assist…
Section165 Fraud Loss Deductions: One of IRS’ Best Kept Secrets
Mahany Law If 2008 was the year that the economy started its tailspin, this is the year that Bernie Madoff, Sir Allen Stanford and Ponzi schemes dominated financial headlines. These events have a significant impact on accountants with tax practices and present excellent opportunities to assist clients. Fraud losses are estimated to be in the tens […]
The IRS Whistleblower Program: What CPAs Should Know
Mahany Law Since Congress amended IRC § 7623 in 2006, the IRS’ new Whistleblower Office has seen significant interest from potential informants with tips about multimillion-dollar cases of tax noncompliance. In the first 12 months after it was established in February 2007, the Whistleblower Office received 116 reports of underpayments of more than $2 million […]
Switching Sides
Lawyers share how to shift who you represent by Jane Pribek They’ve walked a mile — and then some — in another’s shoes. They’re lawyers who’ve changed the focus of their practices 180 degrees, joining “the other side.” Some made the change mostly out of practicality, while others said their personal values played a central […]