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Richard Wolf

Partner

410.900.1083  | 

Richard Wolf, CPA/ABV, CFE, CVA, CGMA, provides forensic and litigation support services for fraud and marital dispute cases as well as business valuation services. He also has a soft spot for helping nonprofits with strategic planning.

 

You Might not know

Believe it or not, Richard’s wife’s maiden name is Fox. Thankfully, she decided not to hyphenate her name after they got married. They have three kids they call their cubs.

Richard Wolf, CPA/ABV, CFE, CVA, CGMA, is a partner in the firm. He is a member of Gross Mendelsohn's Forensics & Litigation Support, Business Valuation and Nonprofit Groups. Richard specializes in providing litigation support services, including valuations of closely-held businesses, forensic accounting and fraud investigations, expert witness services for martial dissolution, stockholder disputes, personal injury and lost profit claims, and other civil matters. Richard has been qualified as an expert witness in various courts in Maryland and Virginia.

Richard is trained as a financial neutral in the Collaborative Process, a voluntary dispute resolution process in which divorcing couples settle without resorting to litigation. He also provides a variety of accounting, tax and consulting services, including strategic planning facilitation services, to private businesses and nonprofit organizations throughout the Mid-Atlantic region.

He regularly presents to family law attorneys throughout Maryland and Virginia as part of the firm's divorce seminar series. He has also presented to members of the Virginia State Bar Association and the National Business Institute.

With 20+ years of public accounting experience, Richard was named one of Baltimore’s “SmartCPAs” by SmartCEO magazine and was a finalist of the magazine’s “Power Player Award.” He was also named to Baltimore Business Journal’s “40 Under 40 Award” list.

Richard serves on the board of the University of Baltimore Accounting Advisory Board, Loyola University Maryland’s Accounting Advisory Board, and Beth Tfiloh Dahan Community School’s Board of Trustees. He also served on the boards of the Maryland Association of CPAs and American Institute of CPA’s Women’s Initiative Executive Committee. He serves on the steering committee for Gross Mendelsohn's women's initiative.

In addition to being a CPA and a Chartered Global Management Accountant, Richard is a Certified Fraud Examiner and Certified Valuation Analyst, and Accredited in Business Valuation by the American Institute of CPAs. He has served as an instructor for both Maryland Nonprofits and the Maryland Association of CPAs’ Business Learning Institute.

Education

  • Bachelor of business administration degree in accounting, Emory University, Goizueta Business School (1996)

Affiliations

  • American Institute of CPAs
  • Association of Certified Fraud Examiners
  • Maryland Association of CPAs
  • Maryland Nonprofits
  • National Association of Certified Valuators and Analysts
  • Collaborative Professionals of Baltimore

More Fun Facts

  • Richard was born three months premature and weighed 2 lbs. 10 oz. He was so small that he easily fit into a shoe box.
  • When he’s not playing with his kids, Richard enjoys watching the Ravens and Orioles.

Articles By Richard

King of Pop’s Estate Prevails Against IRS

The U.S. Tax Court recently issued a 271-page opinion, ending the long-running litigation between the Estate of Michael Jackson and the Internal Revenue Service. The court’s ruling was a major win for Jackson’s estate and the decision has the potential to impact future valuation cases.

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Valuation Experts Clash Over Prince’s Estate

Legendary musician Prince died on April 21, 2016 without a will. As a result, it created one of the largest and most complicated probate hearings in his home state of Minnesota’s history. The Internal Revenue Service is claiming that the executors of Prince’s estate have undervalued the estate by 50%, or about $80 million. The IRS determined that Prince’s estate is worth $163.2 million, well above the $82.3 million valuation submitted by the estate’s administrator, Comerica Bank & Trust. No will, no estate plan and a vast difference of opinion among valuation experts. Let’s look behind the curtain at how this is playing out.

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Valuation of Business for Estate Planning

An interest in a closely-held business can often be one of the most significant assets in an individual’s estate. As such, there are many planning opportunities that exist when creating an estate plan for a business owner. A timely valuation prepared by a qualified business valuation professional may be necessary to make informed business and financial decisions. Let’s take a look at the ins and outs of business valuation when there’s a business involved in an estate.

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