Finding Hidden Assets Using Tax Returns and Other Means
Date: Aug 30, 2023 9:00 a.m. – 12:35 p.m.
Member Price: $160
Non-Member Price: $200
Section Price: $150
- Sandra C. Fava, Esq.
- Fox Rothschild LLP, Morristownis a Partner in the Family Law Practice in the Morristown, New Jersey, office of Fox Rothschild LLP. A certified mediator, she often represents high-net-worth individuals, entrepreneurs, corporate executives, professionals and business owners or their spouses in a variety of family law matters, from the negotiation of prenuptial agreements to separation and divorce proceedings, mediations and arbitrations, trials and post-judgment matters and appeals. She also represents clients in a full array of post-judgment matters, including property or marital settlement agreement enforcement, college contribution disputes, modifications of alimony or child support, and appeals from unfavorable judgments; and represents same-sex couples in complex and rapidly evolving areas of family law that include custody disputes between biological and non-biological parents and same-sex alimony, child support and asset distribution.
Admitted to practice in New Jersey, Ms. Fava is Past Chair of the Essex County Bar Association’s Family Law Committee, a Trustee of the Association, and a member of the New Jersey Association for Justice’s Family Law Section Committee and the Family Law Section of the New Jersey State Bar Association. She is also a member of the National Association of Professional Women and the CASA Board of Trustees, an Early Settlement Panelist for Essex and Morris Counties, and was appointed to the District XB Ethics Committee. She has lectured at continuing legal education seminars and is the recipient of several honors.
Ms. Fava received her B.A. from Rutgers University and her J.D. from Seton Hall University School of Law. She was a law clerk to the Honorable Stephan B. Hansbury, Superior Court of New Jersey, Family Part, Morris County.
- Gerard J. Felt, Esq.
- Pressler Felt & Warshaw LLP, Parsippanyis a Partner in Pressler, Felt & Warshaw, LLP in Parsippany, New Jersey, where he has concentrated his practice in legal collections for 30 years. He has also promoted and fought legislation involving legal collections and collection practices.
Admitted to practice in New Jersey, Mr. Felt has been a member of the New Jersey State and Morris County Bar Associations, the Commercial Law League, the New Jersey American Collection Association and the National Association of Retail Collection Attorneys (NARCA). He has been President of the New Jersey Creditors Bar Association. He has sat on the Board of Directors of the Consumer Credit Association of Metropolitan New York and is a member of the Commercial Lawyers Bar. A founder and the Chief Administrator of the New Jersey Creditors Bar Association, Mr. Felt has been a member of the New Jersey Association of Collection Agencies and has served as Chair and Legislative Liaison for the New Jersey State Bar Association’s Special Civil Part Committee. He has served as a member of the Supreme Court Rules Committee on the Special Civil Part and has been appointed to the Supreme Court Special Advisory Committee on Information Technology.
A long-time lecturer for ICLE’s Skills and Methods Course on Collection Practice, Mr. Felt has also lectured for the New Jersey State Bar Association, Lorman Education Services and the New Jersey Judicial College Conference on Best Practices in the Special Civil Part. He was a panelist on the Supreme Court’s Workshop on Post Judgment Enforcement and has testified before State Legislative bodies as the Special Civil Part representative for the New Jersey State Bar Association and the New Jersey Creditors Bar Association.
Mr. Felt received his B.A. from the State University of New York at Albany and his J.D. from Ohio Northern University.
- Stefanie Jedra
- Marcum LLPis a Director in the Advisory Services Practice of Marcum LLP in the firm’s Roseland, New Jersey, and New York City offices. She appraises business interests and provides related forensic accounting, litigation support, and other consulting services to business owners, legal counsel and high-net-worth individuals.
Ms. Jedra is a Certified Public Accountant in New York State and a member of the American Institute of Certified Public Accountants (AICPA)and the New York Society of Certified Public Accountants, and Vice President of Marketing for the New York Chapter of the American Society of Appraisers (ASA). She has lectured for ICLE, the Camden County Bar Association and AAML’s New Jersey Chapter, and she is the author and co-author of articles which have appeared in Valuation & Litigation Advisor.
Ms. Jedra received her BSBA from Bucknell University and was also a member of the Student Managed Investment Fund.
- Daniel Roche, CPA, ABV, ASA
- Marcum LLP, Saddle Brookis a Partner in and the National Leader of the Valuation, Forensic, Litigation Support Services of Marcum LLP in Saddle Brook, New Jersey. His experience includes appraising companies and providing litigation support for family law matters and commercial litigation matters as well as non-litigation (estate and gift tax/financial reporting) purposes.
A Certified Public Accountant (CPA) in New Jersey, Mr. Roche holds the Accredited in Business Valuation (“ABV”) credential from the American Institute of Certified Public Accountants as well as the Accredited Senior Appraiser (“ASA”) designation from the American Society of Appraisers. He is Past President of the ASA’s Northern New Jersey Chapter and a member of the ASA National Board of Examiners, the American Institute of Certified Public Accountants (AICPA) and the New Jersey Society of Certified Public Accountants (NJSCPA). He is a frequent presenter on business valuation topics, both within Marcum and externally at continuing legal education seminars, and is the co-author of articles which have appeared in the New York Law Journal and The Metropolitan Corporate Counsel.
Mr. Roche received his B.S. from Monmouth University and his M.B.A., with a concentration in Finance, from Rutgers University.
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.
This program will teach you how to:
- How to read a tax return to specifically look for hidden assets
- Identify the kinds of information useful for finding hidden assets
- Identify methods of hiding assets and income and common procedures used to help uncover them
- Discuss with clients the kinds of information useful to begin an asset search
- Explain to clients realistic procedures and timelines in both forensic accounting and asset searches