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Attorney Ike Devji

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Conservation Easements Require Caution

May 6, 2019 by Ike Devji, Asset Protection Lawyer Leave a Comment

My regular readers know that while I cover many different specifics of asset protection for physicians and business owners, I have several consistent core themes. One theme is that asset protection takes many forms, including using legal tax avoidance strategies to maximize what you can keep. A second recurring theme is avoiding activities that generate risk and […]

Filed Under: abusive tax schemes, business owner and entrepreneur, cpa, dentists, Doctors, real estate investing, tax deductions, tax fraud, taxes Tagged With: Asset Protection, conservation easement, Ike Devji, law, real estate investing, scottsdale, tax evasion, tax fraud, taxes

Seasonal Tax Scams Target Doctors

September 24, 2018 by Ike Devji, Asset Protection Lawyer Leave a Comment

By Ike Devji, J.D. September starts the annual income tax fraud sales season.  As doctors are aggressively pursued with a variety of tax savings plans that make big promises, knowing what you are buying and who you are dealing with is vital. Many physicians and business owners will be solicited to engage in some kind […]

Filed Under: abusive tax schemes, Asset Protection for Doctors, chiropractors, dentists, Doctors, Legal Strategies, liability, physicians, physicians personal finance, tax deductions, tax fraud, taxation Tagged With: 2018 tax planning, affinity fraud, Doctors, Ike Devji, physicians, scams, tax planning, taxes

Current Threats To Wealth – FEB 2018

February 26, 2018 by Ike Devji, Asset Protection Lawyer Leave a Comment

Asset Protection for doctors includes financial due diligence and risk management in many forms that go far beyond just medical malpractice. Be aware of these risks as tax season starts in your role as both a physician and a business owner. Tax Related Liability The I.R.S. issues annual guidance on the 12 most prevalent tax […]

Filed Under: Asset Protection, Asset Protection for Doctors, Asset Protection Fraud and Failures, Bankruptcy, captive insurance company, doctor sued, Doctors, tax deductions, tax fraud Tagged With: Asset Protection, captive insurance, credit, Doctors, ID theft, identity theft, physicians, scottsdale, tax fraud, taxes

Expert Tax Tips For Individual Tax Filers

January 3, 2018 by Ike Devji, Asset Protection Lawyer Leave a Comment

Aarti Kapadia, CPA/MBA, provided these simple tips for individual tax filers. This is not tax advice specific to you, just general information to discuss with your own tax team. Last Minute Tips for Individual Tax Filers  1. The SALT (state and local income tax deduction) is limited in 2018. We recommend you consider prepaying your […]

Filed Under: tax deductions, taxation, taxes Tagged With: Aarti Kapadia, arizona, CPA, phoenix, tax law 2018, taxes

Ask These Questions Before Buying Life Insurance

November 13, 2017 by Ike Devji, Asset Protection Lawyer Leave a Comment

The fourth quarter of the year is when life insurance sales kick into high gear. In many cases, life insurance is often sold as a tax savings plan, here are the questions you must ask before purchasing this important asset. The majority of this discussion involves the use of some form of “whole life” insurance […]

Filed Under: Due Dilligence, estate planning, estate tax, Ike Devji, ILIT, Life Insurance Tagged With: CPA, Doctors, Due Diligence, entrepreneurs, financial advisors, Ike Devji, investing, life insurance, scams, tax planning, taxes

Tax Scam Warning – Fraud and ID Theft in 2015

February 2, 2015 by Ike Devji, Asset Protection Lawyer Leave a Comment

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 […]

Filed Under: financial literacy, fraud, id theft, information security, legal documents and records, risk management, scams, taxes Tagged With: Asset Protection, CPA, fraud, I.R.S., ID theft, Ike Devji, infosec, personal security, security, taxes

Arizona is an Income Tax Haven for MLB Players – and makes MORE off them by being one

February 20, 2014 by Ike Devji, Asset Protection Lawyer Leave a Comment

This interesting article caught my eye because I represent some professional athletes including MLB players and because I live in Arizona.  It has a really interesting bit of info at the end. The conventional wisdom at play in the U.S. is that the best way to raise government  revenues is to tax wealth creators at the very […]

Filed Under: Arizona, arizona economy, arizona real esate, cpa, financial literacy, professional athletes, taxation, taxes Tagged With: arizona, Asset Protection, CPA, Ike Devji, mlb, phoenix, prof, scottsdale, spring training, taxes

HOW TO MINIMIZE OR ELIMINATE TAX LIABILITY REGARDING MORTGAGE DEBT FORGIVENESS

May 1, 2013 by Ike Devji, Asset Protection Lawyer Leave a Comment

This week we take a look at the tax liability associated with mortgage debt forgiveness and how it can be reduced or eliminated. Given what’s happened in the real estate market over the last six years of the recession this is a vital issue for both casual investors and real estate professionals like developers and […]

Filed Under: 2013 Economy, Arizona, arizona bankruptcy, arizona economy, arizona forclosure, arizona real esate, business legal planning, cpa, debt, investment exposure, real estate investing, vacant real estate liability Tagged With: attorney, avoiding, Christopher Charles, CPA, Davis Miles Lawfirm, debt forgiveness, debt restructuring, Ike Devji, lawyer, planning, real estate loans and debt, reducing, tax alibility, taxes

The “C” Word in business: Vital Issues To Consider With C-Corporations

April 19, 2013 by Ike Devji, Asset Protection Lawyer Leave a Comment

The article linked below contains some simple and important issues to consider regarding the taxation of C-corps. As an asset protection attorney I’ve never been a fan of them because they are weak , if not defective from a creditor perspective as the shares can actually be taken from you as an asset and handed […]

Filed Under: Asset Protection, business survival, CEO, closely held business, dentists, Doctors, Due Dilligence, family business, FINANCIAL ISSUES FOR DOCTORS, financial literacy, high net worth, IRS, Legal Strategies, start-ups, startup, tax deductions, taxation, taxes, wealth transfer Tagged With: arizona, Asset Protection, benefits, best practices, C-Corporation, cfo, closely held, corporate formattion, CPA, family busienss, Ike Devji, lawyers, legal structures, negatives, phoenix, scottsdale, taxes

Lost or MIsplaced EIN (tax ID) Number?

April 5, 2013 by Ike Devji, Asset Protection Lawyer Leave a Comment

Lots of people lose or misplace their tax ID Number every year, especially with newer entities or those they don’t use often, Here’s what the I.R.S. suggests if it happens to you. Lost or Misplaced Your EIN? If you previously applied for and received an EIN for your business, but have since misplaced it, try any […]

Filed Under: cpa, taxation, taxes Tagged With: CPA, EIN Number, FLP, I.R.S., Ike Devji, llc, lost, S-corp., taxes

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See Ike’s Work In Action

· Ike Devji on Acrimoney.com
· Ike Devji on CFO ADVISORS
· Ike Devji on Infosec Island
· Ike Devji on Risk and Threat Management

Money Matters Interview

Recent Posts

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