Sheila May, CPA – Sheila May, CPA


Scituate, MA 02066, United States

  • 781-218-7511
  • 781-218-7511

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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Investment Fraud, the Continuing Trend of Courts to Favor of Enforcing Arbitration Clauses, and the Potential Impact on the Consumer

McInnes v. LPL Fin., LLC is a case where the court decided an arbitration clause is enforceable, even given potentially fraudulent circumstances. It took some persistence of LPL to prove recent Supreme Court cases pertaining to…more
| Securities Law

Options for Transferring the Primary Residence Pursuant to Divorce and the Tax Consequences

There are several options about how to handle the house as part of a divorce settlement. Each one involves details that require attention. Besides the issue of the sale of the house, costs such as upkeep, insurance, and repairs…more
| Family Law, Real Estate - Residential

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

Dividing Vacation Property Whether Rental or Personal Use; Getting Away From the Getaway

Many couples have a vacation home that they use for their personal use or as an investment (rental property). When divorcing, how it was used and how it will be used indicates the way to divide the vacation property. Here I go…more
| Family Law, Real Estate - Residential

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

Calculating insider trading damages, measured in gains, isn't easy arithmetic

Unlike other economic crimes that are measured by the victims’ losses, the “gain” quantifies the damages caused by the defendant in insider trading cases. Sentences are based on the amount of gain. Federal Sentencing guidelines…more
| Securities Law

Employee Fraud, Three Measures to Minimize Your Chances of Being a Victim of It

Employee theft comes in as many forms as you can imagine. One in four employees who has committed fraud against their employer has been with the company more than ten years. What to do? With theft, there are three things that…more
| Criminal Law

Single or Married: What is the Correct Tax Status When Divorcing, Divorced & Separated

Determining the proper tax filing tax status for your clients is a year round concern. Here is an overview of some helpful rules about what tax filing status applies and when…more
| Criminal Law, Family Law, Taxation

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
Areas of Practice
  • Exhibits
  • Expert Witness Services
  • Financial Services
  • Trial Consulting
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