Tom Engelhardt Wins 2010 NY Enterprise Report Award
Tom Engelhardt is a 2010 recipient of the New York Enterprise Report "Best Accountants for Growing Businesses" award. Mr. Engelhardt, a partner in the firm's Accounting and Auditing Group, was recognized by the publication for his consulting and advisory work with a leading New York City branding agency which he helped remain financially viable during the economic crisis. Mr. Engelhardt was honored at an awards reception sponsored by Citibank on June 29, 2010 at the Trump Soho in New York.
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Don May Publishes Intelligence on Role of Valuation in Securities and Hedge Fund Litigation
Don May, Ph.D., Director in the Litigation and Corporate Financial Advisory Services Group at MP&S, has authored two thought pieces on the distortion of common Wall Street style valuation techniques and the critical role that proper valuation plays in hedge fund and securities-related litigation. The articles, which published in the Securities Litigation Report and the Hedge Fund Law Report, are available in the MP&S Library.
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Richard Nathan Appointed to Board of Charity Navigator
Richard Nathan, Principal of MP&S and founder of Tailored Technologies, the firm's wholly-owned technology and management consultancy, has been appointed to the board of Charity Navigator, America's largest evaluator of charitable organizations. In this role, Mr. Nathan will help set strategic direction for Charity Navigator and leverage his 25 plus+ years of experience serving the business and nonprofit communities to identify opportunities that will enable charities to use technology effectively and efficiently.
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financial Services

New Requirement For Registered Investment Advisers - July 10th Deadline, Steven L. Berse, 2010-06-25
 The US Securities and Exchange Commission (SEC) has amended its custody rule — Rule 206(4)-2 under the Investment Advisers Act — to help safeguard investor assets. Now it’s time for certain SEC-registered investment advisers (RIAs) to start taking steps to facilitate compliance with two major new SEC requirements.

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Nonprofit and Government

Nonprofit Agendas, May 2010
 Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the May issue.

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Nonprofit Agendas, March 2010
 Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the March issue.

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Nonprofit Agendas, January 2010
 Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the January issue.

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Nonprofit Alert: New Update from Office of the Medicaid Inspector General (OMIG) Tightens Compliance Requirements for All Organizations Reliant on Medicaid Reimbursements, Michael L. McNee, Eric A. Marks, 2009-11-23
 As of October 1, 2009, The Office of the Medicaid Inspector General (OMIG) now requires all organizations that rely on Medicaid reimbursements to ensure that all persons, providers and affiliates providing care, services or supplies under Medicaid be in good standing and eligible to receive payment.

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Nonprofit Agendas, November 2009
 Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the November issue.

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Nonprofit Agendas, September 2009
 Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the September issue.

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Nonprofit Agendas, July 2009
 Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the July issue.

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Nonprofit Alert: United States Investors in Offshore Hedge Funds Should Consider Filing the Report of Foreign Bank and Financial Accounts (FBAR), Robert Lyons, 2009-06-23

TD F 90-22.1 is required to be filed for all accounts where a U.S. person or entity has a financial interest or signature authority in foreign financial accounts if the aggregate value of these accounts exceeds $10,000 at any time during the calendar year. These relationships are reported on the calendar year by filing Form TD F 90-22.1 with the Department of the Treasury on or before June 30, of the succeeding year.

On June 12, three IRS personnel participated in a teleconference with a law firm that was designed to address open questions regarding the TDF 90-22.1 filing for calendar year 2008 that must be filed by June 30. It was their position (not official IRS position at this point) that an offshore hedge fund is a “foreign financial account” for this purposes and that, therefore, every U.S. investor in an offshore hedge fund should file a TDF 90-22.1 Form, whether or not the fund has any offshore bank or securities accounts. While the IRS’s position on hedge funds is not official, it does carry substantial weight and should be considered.

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Nonprofit Agendas, June 2009
Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the June issue.

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Nonprofit Agendas, March 2009
 Marks Paneth & Shron has published the latest issue of Nonprofit Agendas. Click below for the March issue.

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Nonprofit Agendas, February 2009
 In this issue, some topics discussed include the fundamental differences between fiscal agents and fiscal sponsors and the pros and cons of working with both; understanding how new accounting standards will affect your nonprofit organization and your role in preparing the New Form 990.

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Charitable Remainder Unitrusts White Paper, Michael Bekas, 2009-01-01
 Michael Bekas, partner in the Tax Group, has authored a white paper entitled "Charitable Remainder Unitrusts: A Must-Consider Wealth Maximization Vehicle for Owners of Hard Assets." In light of a favorable estate planning environment due to current low rates and values, the paper explores how when structured properly, Charitable Remainder Unitrusts (CRUTs) can create wealth optimization for clients, their heirs and charities.

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Nonprofit Agendas, December 2008
 In this issue, some topics discussed include when it is and is not appropriate to accept gift donations, understanding the tax consequences of alternative investments and the importance of directors and officers (D&O) liability insurance.

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Marks Paneth & Shron Nonprofit Group Authors Alert on Campaign Intervention, Michael L. McNee, Robert Lyons, 2008-09-01
 During election years, the Internal Revenue Service takes a keen interest in whether charitable (501(c)(3)) organizations are intervening in political activities. This is particularly relevant in Presidential campaign years. One common characteristic to most charitable organizations is a passion about their respective causes.

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Nonprofit Agendas, September 2008
 In this issue, some topics discussed include how federal and state bodies shape nonprofit policies, upcoming compliance dates for 403(b) retirement plans, limits placed on lobbying activities according to the IRS, and recent IRS changes to the application process for exempt status.

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Marks Paneth & Shron Nonprofit Group Authors Alert on Alternative Investment, Michael L. McNee, Robert Lyons, 2008-08-01
 The most recent MP&S Nonprofit and Government Group Alert discusses the tax implications that apply to common alternative investments made by exempt organizations, as well as the reporting requirements and questions organizations should consider before making investment decisions.

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Marks Paneth & Shron LLP Nonprofit Alert, June 2008, Michael L. McNee, Robert Lyons, 2008-06-01
 On May 5, 2004 IRS issued Letter Ruling 200435020 in response to a charitable organization’s treatment of certain real estate transactions, credit cards, meals, gasoline, miscellaneous charges and cell phones.

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Nonprofit Agendas, April/May 2008
 In this issue, some topics discussed include the mission of nonprofit watchdog agencies, procedural standards for setting “reasonable compensation” among nonprofit employees, and the real difference between internal and year-end financial statements.

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Nonprofit Investment Committees: Buyer Beware, Michael L. McNee, 2008-03-05
 Increasingly, nonprofits are moving into alternative investments: private investment funds, hedge funds, real estate funds, venture capital funds, oil, and gas funds. The goal is generally higher returns and diversification.

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Nonprofit Agendas, February/March 2008
 In this issue, some topics discussed include new AICPA auditing standards, the distinction between sponsorship and advertising, how the IRS perceives contractors and employees and simple solutions for small organizational checks and balances.

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A Brave New World for a New Form 990, Michael L. McNee, Robert Lyons, 2008-02-01
 On February 29, 2008, Michael McNee and Robert Lyons of the Nonprofit and Government Services Group presented a webinar entitled "A Brave New World for a New Form 990." This event discussed significant IRS changes to Form 990 and what they mean for the industry.

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Real Estate

Hedge Fund Law Report, Strategies for Avoiding Valuation Disputes in Connection with Breakups of Hedge Fund General Partnerships, Donald M. May, 2010-06-25
 In many cases, domestic hedge funds are structured as limited partnerships with a general partner receiving the performance allocation and a separate limited liability company serving as the investment manager and receiving an asset-based investment management fee.

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Real Estate Advisor, June 2010
 Marks Paneth & Shron has published the latest issue of Real Estate Advisor. Click below for the June issue.

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Real Estate Advisor, February 2010
 Marks Paneth & Shron has published the latest issue of Real Estate Advisor. Click below for the February issue.

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Revenue Recovery: Lease Audits Can Reveal Hidden Income Potential, Susan H. Nadler, 2010-01-20
 With the commercial real estate industry still in an economic tailspin, now is the time for property owners to look at their existing portfolios and monetize any untapped opportunities.

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Real Estate Advisor, December 2009
 Marks Paneth & Shron has published the latest issue of Real Estate Advisor. Click below for the December issue.

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Real Estate Advisor, November 2009
 Marks Paneth & Shron has published the latest issue of Real Estate Advisor. Click below for the November issue.

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Real Estate Advisor, August 2009
 Marks Paneth & Shron has published the latest issue of Real Estate Advisor. Click below for the August issue.

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Real Estate Advisor, June 2009
 Marks Paneth & Shron has published the latest issue of Real Estate Advisor. Click below for the June issue.

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Real Estate Advisor, March 2009
 Some topics discussed in this issue include how use of leverage can help increase cash flow, magnify the effects of property appreciation and enhance the tax advantages of owning real estate; strategies to consider when selling investment property to offspring and the tax effect of leases with options to buy.

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Real Estate Advisor, February 2009
 In this issue, some topics discussed include the advantages of infrastructure investments, the functional and financial benefits of “green” roofs and how real estate professionals can leverage social networking media to help grow business.

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Real Estate Advisor, December 2008
 In this issue, some topics discussed include calculating property tax assessments, new incentives aimed at commercial building owners for installing solar power sources and when to apply the rules of reverse exchange in swapping one real estate investment for another.

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Real Estate Advisor, September/October 2008
 In this issue, some topics discussed include tax strategies to implement now for 2009, what lenders are looking for in land investments, how building information modeling (BIM) can benefit building owners and how investing in real estate owned properties (REO) can pay off.

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Real Estate Advisor, July/August 2008
 In this issue, some topics discussed include how the residential remodeling guidelines released by the American Society of Interior Designers Foundation and the U.S. Green Building Council will benefit remodelers and the real estate segments that continue to show promise in the current economic climate.

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Real Estate Advisor, May/June 2008
 In this issue, some topics discussed include how to increase likelihood of securing a loan, trends in time-share ownership within the resort industry, how the Economic Stimulus Act of 2008 benefits investors and developers, and ways to achieve personal and business financial success by shifting income and deductions.

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Real Estate Advisor, March/April, 2008
 In this issue, some topics discussed include how developers are tapping into the wants and needs of baby boomers with resort-like senior housing facilities, how online services are revolutionizing the art of commercial real estate deals and the factors that are driving real estate investors to pursue overseas deals.

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Real Estate Advisor, January/February 2008
 In this issue, some topics discussed include the recent spike in sales of life-sciences-related facilities, a new tracking system designed by the Environmental Protection Agency (EPA) to increase water conservation, components of commercial building depreciation and current demographics of apartment rentals.

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