Gross Mendelsohn Blog
A resource to help business owners, nonprofit executives and high net worth families preserve wealth, grow and thrive.
Forensics & Litigation Support
Determining a couple’s income is one of the most critical financial issues in a divorce case. Reviewing the couple’s Form 1040, to start, can help paint a picture of their financial position and lifestyle. Divorce attorneys who know where to look for key information on tax returns can gain an edge over their opponents. Everyone is required to disclose certain information in their tax returns, including total income, wages and alimony received. These numbers can serve as compelling evidence when making a case for identifying and dividing marital assets, proving the existence of hidden assets and determining income for support purposes. Let’s consider what an individual’s personal tax return can reveal, and where to look.
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Whether it’s part of a contentious divorce hearing or to assist a client in selling their business, a valuation is extremely important in determining the value of a business. Understanding risk factors is essential in determining how a business will be valued. Let’s consider what your business-owning clients need to know about company-specific risks and how they come into play when it’s time for a business valuation.
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