Douglas I. Schwartz, LLC
Contact Douglas I Schwartz CPA/CFF, Cr.FA
Office: 201-300-8400, Cell: 908-400-4914, E-Mail: Discpa@dschwartzcpa.com

Home Page




Managing Member

Douglas I Schwartz, LLC


Our firm offers a unique perspective and approach to today's specialized tax practice and to the evolving areas in forensic accounting. In addition to traditional tax preparation and consulting services, we devote substantial resources to ASC 740 (formerly FAS 109/FIN 48) and international tax. The practice also provides strategic forensic accounting and litigation support services.

Currently, our clients include individuals, partnerships and corporations in the financial services industry operating or investing in private equity and hedge funds. Our international tax services assist clients with tax issues related to operating, trading and investing in foreign countries.

The core of our forensic accounting and litigation support practice is FINRA arbitration, dispute resolution, financial fraud and misrepresentation and matrimonial dissolution. We are hands on and separate ourselves from other experts by supporting clients not only while the matter is being negotiated, but after settlement, successfully guiding them forward.

Experience 

Certified Public Accountant (CPA); Certified in Financial Forensics (CFF); and, Certified Forensic Accountant (Cr.FA). Specialize in tax and accounting matters for the financial services industry primarily private equity and hedge funds. Substantial experience with ASC 740 (FAS 109/FIN 48) for public and private multinational companies. International tax practice focuses on withholding and income taxes related to investing or trading in foreign countries. Forensic accounting and litigation support business focusing on dispute resolution, including, FINRA arbitration, financial misrepresentation and matrimonial dissolution. Unique combination of private and public company experience including 10 years Big-Eight (now Big-Four). Established Douglas I Schwartz LLC in January 2013.

Key Areas of Practice

Taxation - (a) ASC 740, formerly FAS 109 and FIN 48, experience includes public company IPO and annual 10Q/10K reporting; (b) tax controversy matters, federal, state and local; (c) transfer pricing assistance; (d) U.S. nonresident withholding and reporting; (e) FATCA, FBAR and IRS Voluntary Compliance Program; (f) structuring of offshore funds and related foreign country withholding and income tax; (g) partnership taxation of PTPs, hedge funds and private equity funds; (h) M&A and IPO support, tax due diligence and purchase accounting; (i) SOX compliance; (j) tax return compliance.

Forensic Accounting and Litigation Support - (a) FINRA arbitration; (b) dispute resolution; (c) financial fraud and misrepresentation; (d) matrimonial accounting and dissolution; (e) business valuation.

Honors

Board of Trustees Chilton Hospital Foundation, Pompton Plains, NJ

Board of Directors - Fight for Sight, NYC 2006 - 2008

Inaugural chairperson NJSCPA Forensic Accounting and Litigation Support Interest Group

Recent Articles and Presentations:

"Tax Amnesty" Is Still An Option: IRS Offers A "Second Chance" To Taxpayers With Undeclared Foreign Accounts And Holdings. Lawrence Horn, Richard Sapinski and Douglas Schwartz. The Metropolitan Corporate Counsel, National Edition, May 2011, Page 30.


B.I.G. Westfield, NJ Group of Women Entrepreneurs. "Getting Your Financial House in Order." March 2013.

The Knowledge Group: "ASC740: Income Tax Accounting for 2013", broadcast May 2013. 


Organizations 

American Institute of Certified Public Accountants

New Jersey State Society of Certified Public Accountants

AICPA - Financial and Valuation Services Section

NJSCPA - Business Valuation Forensic Litigation Services Interest Group

Diplomat - American College of Forensic Examiners