If you are one of the 143 million people affected by the Equifax data breach and had your personal information compromised, there are steps that you can take to protect your identity. To check if you were impacted by the security breach, you can go to http://www.equifaxsecurity2017.com/ to see if
Equifax Data Breach Poses Heightened Fraud Risk
Equifax, one of the “big three” credit-reporting agencies along with TransUnion and Experian, announced that a data breach may have compromised the personal information of up to 143 million consumers to hackers. This data breach represents one of the largest publicly disclosed occurrences on record, eclipsed only by the 2016
Local Fraud Roundup
Swissvale Man Pleads Guilty to $8.2 million Ponzi Scheme John Hogan pleaded guilty to five counts of mail fraud relating to an investment scheme that resulted in the loss of over $8.2 million dollars from 80 investors. Mr. Hogan ran an insurance company called Hogan and Associates that sold whole
Industry Leaders Deliver Strong Response Against Proposed New IRS Regulations to Eliminate Valuation Discounts
On December 1, 2016 the IRS held a hearing to discuss the proposed IRC 2704 Regulations. Testimony included 37 total speakers ranging from CPA’s, tax attorneys, business valuators, and small business owners. Michelle Gallagher of AICPA Family Limited Partnership Issues Task Force spoke in regards to the proposed regulations. The
New IRS Regulation Targets Valuation Discounts on Family-Owned Businesses
On August 4, 2016, the IRS published proposed rules that will have a significant effect on the valuation of family-owned businesses for estate and gift tax purposes. This proposed regulation targets valuation discounts applicable to minority ownership interests in family-owned corporations, partnerships, LLCs and other entities. These family-owned entities have