Printer Friendly VersionFamily Law Advisory - Assets That May Be Forgotten in Equitable Distribution
January 8, 2008
When one mentions equitable distribution, certain thoughts immediately spring to mind - dividing interests in the marital home and/or investment property, bank and brokerage accounts, qualified retirement plans, automobiles and business interests. However, there are other assets that can sometimes be forgotten and may then disrupt the settlement negotiations when are thrown into the mix at the last minute. This article is meant to provide examples of some of the more commonly forgotten assets that one may forget in an equitable distribution, but it is by no means exhaustive. Hopefully, it will get you thinking of other things that may have been overlooked in the equitable distribution process.
Private Wealth Advisory - Madoff Fraud Case
December 18, 2008
Morrison, Brown, Argiz & Farra, LLP (MBAF), the largest independent CPA firm in Florida and 43rd largest in the country, has formed a Special Task Force to examine the income tax ramifications to clients, investors, and others who participated either directly or indirectly with entities controlled by Bernard L. Madoff.
Bank Advisory – Federal Reserve Rate Cut
December 16, 2008
The Federal Reserve’s Open Market Committee announced on December 16 that it has reduced its target range for the federal funds rate from 1.00 percent to a range between 0.00 percent and 0.25 percent. That is the Fed’s lowest target ever for the rate banks charge each other for overnight loans.
Bank Advisory - FDIC announces changes in Liquidity Guarantee Program
November 24, 2008
The Federal Deposit Insurance Corporation announced on November 21 that it has approved a final rule for its Temporary Liquidity Guarantee Program (TLGP). The program guarantees newly issued senior unsecured debt of commercial banks, thrifts, and certain holding companies.
Bank Advisory - Fannie and Freddie Preferred
November 3, 2008
The Internal Revenue Service and the U.S. Department of the Treasury on October 29 issued Revenue Procedura 2008-64. The Revenue Procedure explains how banks and certain financial institution holding companies can treat certain gains and losses from indirect ownership of Fannie Mae and Freddie Mac preferred stock as ordinary income and loss.
Bank Advisory - FDIC Interim Liquidity Rule
October 24, 2008
The Federal Deposit Insurance Corporation on October 23 approved an interim rule to govern the Temporary Liquidity Guarantee Program (TLGP) that it announced on October 14. The rule is effective immediately. The FDIC will take comments for 15 days after it is published in the Federal Register. That publication probably will be during the week of October 27.
Bank Advisory - FDIC will cover full amounts of some accounts
October 16, 2008
The Federal Deposit Insurance Corporation announced on October 14 that it will provide full deposit insurance coverage for non-interest bearing deposit transaction accounts, regardless of dollar amount, through the end of 2009.
Bank Advisory - FDIC raises insurance premiums
October 8, 2008
The Federal Deposit Insurance Corporation on October 7 issued a proposed rule that would raise the premiums that banks pay for federal deposit insurance. The FDIC also said it is changing its system for determining the rates that banks pay for insurance coverage.
Bank Advisory - Fed to pay interest on reserve balances
October 7, 2008
The Federal Reserve Board on October 6 announced that it will pay interest on depository institutions' required and excess reserve balances, beginning October 9. The Fed said that action will give it greater scope to use its lending programs to address conditions in credit markets while also maintaining the federal funds rate close to the target established by the Federal Open Market Committee.
Bank Advisory - Fed statement on investment in banks
September 29, 2008
The Federal Reserve Board on Sept. 22 issued a policy statement that clarifies its positions on determining whether investors have controlling interest in banks and bank holding companies and in determining permissible activities of large investors that do not have controlling interest.
Bank Advisory - FBA Meeting
September 24, 2008
At a September 23 meeting in Tampa sponsored by the Florida Bankers Association, officials of federal and state regulatory agencies said liquidity and capital are their main concerns for banks in Florida. One major concern resulting from recent developments is that some banks' capital will be impacted when they take write downs on holdings of Fannie Mae and Freddie Mac preferred stock, which regulators consider permanently impaired.
Bank Advisory - Fed Rates
September 16, 2008
The Federal Reserve's Open Market Committee decided on September 16 to keep its target for the federal funds rate at 2.00 percent. Some financial industry officials expected the Fed would cut key interest rate based on this week's developments in the financial markets, most notably the problems at Lehman Brothers Holdings and American International Group.
Bank Advisory - FDIC Premiums
September 12, 2008
The Federal Deposit Insurance Corporation is preparing to raise deposit insurance premiums for insured banks to help restore its Deposit Insurance Fund to its required level.
Bank Advisory - FDIC Second Quarter Results
August 27, 2008
MBAF is independently ranked as the largest Florida-based CPA firm in the state and one of the top 50 in the nation.
MBAF's hallmark is the hands-on service approach of its professional team of CPAs and consultants based on ample business experience, broad industry knowledge and latest technical expertise.
MBAF provides a full range of services in audit, tax & accounting, litigation support & business valuation, and technology consulting .
Clients served include private and public corporate entities, entrepreneurs, nonprofit organizations and wealthy individuals and families.
