Legal Question in Family Law in New Jersey

Business Valuation

When a forensic accountant does a business valuation during a divorce process are those findings made available to the court even if the divorce proceedings don't go to court?

Also, is the IRS privy to business valuations as part of a divorce?

Thank you for any information.


Asked on 3/01/06, 7:31 am

2 Answers from Attorneys

Robert Davies The Davies Law Firm, P.A.

Re: Business Valuation

I can not understand your situation from your description, your description is too brief. Something is obviously going badly, I am guessing, and I suggest you hire an attorney to assist you.

Please contact me, and I will assist you. My contact information can be obtained from the links below, just click on the Attorney Profile link. Let my secretary know you found me through LawGuru.

Disclaimer: you can not rely on the advice of an attorney given over the internet. The exact facts of your situation, including facts which you have not mentioned in your question, may completely change the result for your situation.

Read more
Answered on 3/01/06, 9:16 am
Gary Moore Gary Moore Attorney At Law

Re: Business Valuation

The problem arises when a divorce action goes to trial. The court rules require that the judge report any apparent violations of the law to the appropriate law enforcement authority and in the case of unreported income that would be the Internal Revenue Service. Unless there is a trial the court does not "know" of the contents in an accountant's report.

Gary Moore, Esquire

Read more
Answered on 3/01/06, 12:03 pm


Related Questions & Answers

More Family Law, Divorce, Child Custody and Adoption questions and answers in New Jersey