Year-End Tax-Scams Targeting Doctors and Business Owners

TAX FRAUD

 The year-end planning rush so familiar to physicians has many pitfalls including a variety of serious tax scams. Some scams covertly target you externally, while others are actually brought to doctors and business owners by their own would-be advisors; today we provide some red flags to look out for on both fronts. This is part […]

Year-End Tax Plan Sales Targeting Doctors, Business Owners

Year End Sales Hustle

The last quarter of the year is historically an active time for physicians and business owners and their tax, legal and financial advisors. Given increased regulatory issues, I.R.S. scrutiny and increased fraud, it’s vital that you do some basic due diligence before you pull out your checkbook. Doctors are heavily solicited for a variety of tax and […]

Tax Scam Warning – Fraud and ID Theft in 2015

ID THEFT AND INFORMATION SECURITY

Tax filing related scams are at all-time high and we are warning our clients about some specific fact patterns and known risks.  These criminal scams take many forms including mail, phone, email and now even social media and texts. Phone calls and email still seem to make up the bulk of the attempts, make sure […]

Holiday Shopping, Cyber Crime and Personal Secuirty – Asset Protection

Holiday Scams

Whether you are a Black Friday, Cyber Monday or everything in-between shopper, the number of threats to your wealth and assets both in person and online at a  high at this time of year. Here are some issues to look out for to protect yourself, your family and the joy of the Holidays. Yes, this is […]

Advisor Banned By FINRA for bad OBA and R.E. deals with NFL Players

INVESTMENT FRAUD

A former financial advisor who cost a group of NFL players $43 million by steering them into a bum casino investment and other bad deals including real estate deals he took a peice of has been banned from the securities industry. See the story: http://www.fa-mag.com/news/advisor-barred-from-industry-for-bilking-nfl-players-13600.html?section=43 I wish I could say this was unusual, it’s not. […]

U.S. Citizen Thinking Of Expatriating? Important Articles on What it Means

Island

Due to the nature of our practice with thousands of Americans we have safely helped use a variety of tools including offshore trusts in a safe and legal way, we get lots of questions about expatriation. Our position remains the same;  the best of usage of these tools is tax neutral and provides surety while allowing […]

Asset Protection for Your Medical Practice or Business , Learning To Fire the Right Way

MEDICAL PRACTICE MGMT

By Ike Devji, J.D. Imagine that after two decades in business with 100 plus employees and not a single EEOC or employment complaint your business is facing a class action lawsuit by disgruntled former employees discharged for cause. Imagine that these employees call every other employee they can reach and try to get them to […]

Incomplete Gift Tax Reporting – A Common FATAL Asset Protection Flaw

ASSET PROTECTION FRAUD

RELYING ON GIFTING TO RELATIVES AND FRIENDS  (SEE ALSO FAILING TO ACT)  Transferring all of your assets to your spouse and/or children, especially after something has happened, will not protect your assets from a lawsuit. Even if it did protect those assets from your lawsuits, transferring your assets to your spouse and/or children opens up another Pandora’s […]

Shelf Corporations, Nevada, Wyoming and other Asset Protection FAILS

ASSET PROTECTION FRAUD

The Secretary of State’s Securities Division has issued a cease and desist order to a Wyoming company doing business in Nevada to stop selling shell corporations registered with his office because it is a securities violation.

Physicians Facing Increased Risk as Investment Fraud Targets

MEDICAL PRACTICE MGMT

Ike Devji, J.D. The amount of fraud targeting doctors is increasing daily as they, like everyone else, are feeling the pinch of current economic conditions, decreasing compensation and stalled or negative investment momentum. Those of us in legal and financial professions know that markets are primarily motivated by fear and greed, meaning fear of loss […]