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Divorce Assistance

Marital Dissolution Team - Strategic Solutions for Divorce Related Asset Division

 

Forrestall CPAs assists in marital dissolution situations of all kinds, including high-profile cases involving parties with business and financial ties across a wide range of industries. Divorce can significantly alter the financial positions of everyone involved. Forrestall CPA’s partners and staff strike just the right balance between compassion and pragmatic financial analysis.

Assisting you with your settlement are senior Forrestall CPA team members who hold many different accreditations. These include but not limited to:

  • Accredited in Business Valuation by AICPA (ABV)
  • Certified Fraud Examiner (CFE)
  • Diplomat from American Board of Forensic Accountants (DABFA)
  • Certified in Financial Forensics by AICPA (CFF)
  • Certified Public Accountant (CPA)
  • Master’s degrees in Accounting, Taxation and Business Administration
  • Certified Financial Planner (CFP)

 

Our experienced tax advisors, and/or personal financial specialists with extensive experience ferreting out undisclosed assets. Forrestall CPAs also assists during discovery and prepares counsel for settlement conferences, mediation and, if needed, trial.

Strategic Planning

  • Mediation and trial preparation assistance to counsel
  • Company tax return and/or accounting record review
  • Cash flow calculations and discretionary expense adjustments
  • Industry comparison & market compensation analysis
  • Preliminary business valuation estimates (get an estimate of the business value before you mediate/litigate)

Business Valuation

  • Court Certified Expert Witnesses for mediation and trial with CPAs accredited in business valuation
  • Full-length valuation reports including reliable conclusions and supporting analysis
  • Summary report for mediations (saves time and fees)
  • Opposing party valuation report critique for identifying weaknesses
  • Lack of marketability and minority discount calculations

Tax & Transaction Strategy

  • Use a SBA 7A loan to finance the purchase of the ex-spouse martial interest in business, THEN get to write off the purchase for taxes.  You can't write off Alimony anymore, but you can write of and finance buying them out
  • Entity selection considerations for tax-free sale opportunities
  • Tax savings strategies during the sale of a business interest
  • Tax calculations and planning recommendations

 

Contact us for our free Quick Reference Guide to divorce-related tax matters covering: Filing status, children and dependency exemptions, retirement plans and IRAs, personal residence, stock options, innocent spouse tax relief, alimony, and deductions when getting a divorce.