Finding Hidden Assets Using Tax Returns and Other Means
Join our panel of accountants and attorneys as they discuss common methods used to conceal income and assets, the process of tracing the money, and the databases, public records and other documents available to uncover these hidden assets.
Many different types of cases require attorneys to know and find the assets of the parties involved—whether it’s a divorce, collections, business litigation, or some other type of case. Business owners and individuals often try to manipulate their companies’ and personal financial statements. Fortunately, tax returns aren’t always so easy to misrepresent. Tax returns can provide a road map to income-earning assets and asset sales. They also identify sources of income, including W-2 wages, interest, dividends, rental income, and gains or losses from the stock sales. Other documents that can be useful in uncovering deception include: personal and business bank statements, pension and retirement account statements, credit card statements and applications, loan statements and applications, insurance policies and bills, and wills and other estate planning documents.
*NJ CLE information: This program has been approved by the Board on Continuing Legal Education of the Supreme Court of New Jersey for 4.0 hours of total CLE credit.
** Please note there is a cost to attend this program.