Hiring Your Child as an Employee

Hiring Your Child as an Employee

Thanks to the Tax Cuts and Jobs Act (TCJA), if you are operating a small business as a sole proprietorship or a single-member LLC that is treated as a sole proprietorship for tax purposes, you can hire your child under the age of 18, as a legitimate employee.  His or...

read more
The Importance of Filing Timely with the IRS

The Importance of Filing Timely with the IRS

The Internal Revenue Code requires individual taxpayers file on April 15th of each year to file an extension Form 4868, which allows you to estimate your tax liability for the prior year and make a payment. The IRS announced for residents and businesses in Texas...

read more
The Impact of Relevant Conduct on Taxpayers

The Impact of Relevant Conduct on Taxpayers

IRS Criminal Investigation Special Agents use the specific items method of proving income because it is generally the easiest method of proof that the IRS has in its arsenal to prove unreported income. IRM 9.5.9.4 states, “Where the government is using the specific...

read more
Discovery Actions Beneficial to the Defense

Discovery Actions Beneficial to the Defense

It is extremely important for an expert witness working for a defense attorney on a civil or criminal case to have access to discovery.  Today there are methods of sharing files through ShareFile, YouSendIt, RapidShare, and other file sharing software like Dropbox,...

read more
Follow the Money and Assist Your Client

Follow the Money and Assist Your Client

Over the years, when investigating financial matters, it has been determined essential to “follow the money.”  In training, the Internal Revenue Service fostered the concept of “full financial investigation.”  In the private sector, “following the money” is...

read more
Payroll Protection Program (PPP) Loans Round 2

Payroll Protection Program (PPP) Loans Round 2

This article continues the series of PPP Loan matters. On April 2, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule announcing the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES...

read more
Attorneys Beware: scammers are after you

Attorneys Beware: scammers are after you

Beware the scammers are attempting to gain access to your trust accounts.  Recently, an attorney who received an email advising that a Swedish company needed the assistance of an attorney to complete a business transaction contacted Sage Investigations LLC. The...

read more
Why is a Kovel Letter Important?

Why is a Kovel Letter Important?

An attorney should always issue a Kovel Letter to a forensic accountant after being hired by a client to represent them in a civil or criminal tax matter.  What is a Kovel letter?  It is a letter based on a landmark federal case, United States v. Kovel, 296...

read more
Protect Your Client from Engaging in Hard Money Lending

Protect Your Client from Engaging in Hard Money Lending

The definition of Hard Money Lending is fairly simple: a Hard Money Loan is a loan of "last resort" or a short-term “bridge loan.” Bridge Loans are loans of short-term duration that are typically a temporary solution to longer term financing from more customary or...

read more
Due Diligence Helps Manage Risk

Due Diligence Helps Manage Risk

What is due diligence?  (1) The care that a reasonable person exercises to avoid harm to their person, finances or that of another person. [1] (2) The process of obtaining and evaluating details about the subject, entity, or investment opportunity before making a...

read more

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Hiring Your Child as an Employee

Hiring Your Child as an Employee

Thanks to the Tax Cuts and Jobs Act (TCJA), if you are operating a small business as a sole proprietorship or a single-member LLC that is treated as a sole proprietorship for tax purposes, you can hire your child under the age of 18, as a legitimate employee.  His or...

read more
The Importance of Filing Timely with the IRS

The Importance of Filing Timely with the IRS

The Internal Revenue Code requires individual taxpayers file on April 15th of each year to file an extension Form 4868, which allows you to estimate your tax liability for the prior year and make a payment. The IRS announced for residents and businesses in Texas...

read more
The Impact of Relevant Conduct on Taxpayers

The Impact of Relevant Conduct on Taxpayers

IRS Criminal Investigation Special Agents use the specific items method of proving income because it is generally the easiest method of proof that the IRS has in its arsenal to prove unreported income. IRM 9.5.9.4 states, “Where the government is using the specific...

read more
Discovery Actions Beneficial to the Defense

Discovery Actions Beneficial to the Defense

It is extremely important for an expert witness working for a defense attorney on a civil or criminal case to have access to discovery.  Today there are methods of sharing files through ShareFile, YouSendIt, RapidShare, and other file sharing software like Dropbox,...

read more
Follow the Money and Assist Your Client

Follow the Money and Assist Your Client

Over the years, when investigating financial matters, it has been determined essential to “follow the money.”  In training, the Internal Revenue Service fostered the concept of “full financial investigation.”  In the private sector, “following the money” is...

read more
Payroll Protection Program (PPP) Loans Round 2

Payroll Protection Program (PPP) Loans Round 2

This article continues the series of PPP Loan matters. On April 2, 2020, the U.S. Small Business Administration (SBA) posted an interim final rule announcing the implementation of sections 1102 and 1106 of the Coronavirus Aid, Relief, and Economic Security Act (CARES...

read more
Attorneys Beware: scammers are after you

Attorneys Beware: scammers are after you

Beware the scammers are attempting to gain access to your trust accounts.  Recently, an attorney who received an email advising that a Swedish company needed the assistance of an attorney to complete a business transaction contacted Sage Investigations LLC. The...

read more
Why is a Kovel Letter Important?

Why is a Kovel Letter Important?

An attorney should always issue a Kovel Letter to a forensic accountant after being hired by a client to represent them in a civil or criminal tax matter.  What is a Kovel letter?  It is a letter based on a landmark federal case, United States v. Kovel, 296...

read more
Protect Your Client from Engaging in Hard Money Lending

Protect Your Client from Engaging in Hard Money Lending

The definition of Hard Money Lending is fairly simple: a Hard Money Loan is a loan of "last resort" or a short-term “bridge loan.” Bridge Loans are loans of short-term duration that are typically a temporary solution to longer term financing from more customary or...

read more
Due Diligence Helps Manage Risk

Due Diligence Helps Manage Risk

What is due diligence?  (1) The care that a reasonable person exercises to avoid harm to their person, finances or that of another person. [1] (2) The process of obtaining and evaluating details about the subject, entity, or investment opportunity before making a...

read more