Sheila May, CPA – Sheila May, CPA

Tax Treatments of Awards and Settlements

Settlements, whether the amounts received are included in your income, depends on the circumstances. A settlement agreement can have multiple elements such as amounts awarded for emotional distress, attorney’s fees, punitive…more

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Asset Forfeiture in Fraud Cases

Asset forfeiture in fraud cases has advantages in its swift, coordinated recovery of funds for victims, but does the process really get the correct assets and address victims' concerns?…more

| Securities Law

The Argument For Putting a Variable Annuity in an IRA

What could be the reasons for putting a variable annuity in an IRA? Variable annuities are products that offer some unique features that appeal to people's financial concerns such as the guaranteed minimum income benefit…more

| Finance & Banking, Taxation, Wills, Trusts, & Estate Planning

The Argument Against Variable Annuities in an IRA

Each side of the argument for and against variable annuities in IRA's has its predictable defenders. Insurance companies (Mass Mutual, Jackson) think that variable annuities in IRA's are fine. Consumer advocates and protection…more

| Finance & Banking, Taxation, Wills, Trusts, & Estate Planning

10 Facts about Social Security After Divorce

There are many misconceptions about Social Security benefits after a divorce. Your client and you may be surprised at the availability and choice of benefits available after a divorce. For example. If you are divorced, but your…more

| Family Law, Taxation

Strategies for Finding Income

Strategies for Finding Hidden Income Whether it's a noncustodial parent who works under the table or a spouse who doesn't reveal all his or her assets, hidden income is an issue in many family law cases. This article will…more

| Family Law, Nonprofit Law

Tax Returns, Bank Statements, and Financial Statements

Determining an accurate amount of income for your client getting a divorce can be hard to pinpoint. Financial statements, bank statements and tax returns should not be taken at face value but compared for inconsistencies. In…more

| Family Law

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