Anand Khemlani

I am a founding member of Fulcrum Inquiry, an accounting and economic consulting firm that performs damage analysis for commercial litigation, forensic accountings, financial investigations, and business valuations. I am a Certified Public Accountant (CPA), Accredited in Business Valuation (ABV), a Certified Fraud Examiner (CFE) and am a licensed Real Estate Broker. I regularly serve as an expert witness involving results of my forensic accounting assignments and damage analyses. My resume is available on Fulcrum's website

Most commented posts

  1. How Many Clowns Can You Fit In A Clown Car? — 2 comments
  2. 30,000 Tax Cheats Confess Under IRS Programs — 1 comment
  3. City of Los Angeles Wastes $1M on Cell Phones — 1 comment
  4. The Battle of Red — 1 comment
  5. Government Slaps Banks with Lawsuit over Toxic Mortgages — 1 comment

Author's posts

Identity Theft Tops Consumer Fraud List

The Federal Trade Commission (“FTC”) released the agency’s Consumer Sentinel Network Data Book 2013, which summarized consumer complaints.  There were over 2.1 million complaints reported in 2013.  The following table summarizes the top ten types of complaints filed in 2013:   Category No. of Complaints Identity Theft 290,056 Debt Collection 204,644 Bank and Lenders 152,707 …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2014/02/identity-theft-tops-consumer-fraud-list/

US Supreme Court to Hear Significant Copyright Case

Technology is changing at a rapid pace and this change touches on some serious legal issues.  A recent article by Marc Miller and Melissa Reinckens of DLA Piper discusses a case that will be heard by the U.S. Supreme Court.  The cases involves, Aereo, a New York-based startup technology company financed by Barry Diller, utilizes …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2014/01/us-supreme-court-to-hear-significant-copyright-case/

$765 Million Settlement Not Enough!

A recent article by Case Funding Inc., indicated that Judge Anita Body had questions about the adequacy of the $765 million settlement between the NFL and NFL players.  The settlement relates to mild traumatic brain injuries (mTBI) that NFL players have suffered or may suffer in the future as a result of their NFL careers. …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2014/01/765-million-settlement-not-enough/

Interesting IRS Facts

As 2013 has come to an end, we all must start gathering our 2013 tax records to start preparing for the dreaded tax man.  Do you ever wonder how many returns or how much money the IRS collects?  Or how many audits are conducted? In the 2012 IRS Data Book, released by the IRS, contains …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2014/01/interesting-irs-facts/

Most Productive Day of the Week?

According to a recent survey conducted by Accountemps, it is Tuesday.  Thirty-Nine percent of the Human Resources managers interviewed ranked  Tuesday as the most productive day of the week.  The survey was conducted by an independant research firm, with over 300 U.S. Human Resources managers being interviewed at companies with over 20 employees. How did …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2014/01/most-productive-day-of-the-week/

No GAAP yet for Bit Coins

Bit Coins are increasingly in the news.  Denise Lugo of Bloomberg BNA describes “Bit Coins” as: a type of virtual currency, which loosely put, is created when a complex mathematical algorithm is solved using high power computers.  It seems like overnight bit coins have become legitimate.” Ms. Lugo also summarized the FASB’s recent position at a …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2013/12/no-gaap-yet-for-bit-coins/

California Franchise Tax Board Provides Tax Relief for Short Sales

The California Franchise Tax Board (“FTB”) issued a letter summarizing their position regarding the tax impact of short sales.  The FTB followed suit with the IRS’ position, meaning there will not be any California state tax impact for a majority of taxpayers in this position (See my previous blog post regarding the IRS’s position).  The FTB …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2013/12/california-franchise-tax-board-provides-tax-relief-for-short-sales/

Your Loan to A Start Up May Be Treated as a Gift

When starting a business, it is common for entrepreneurs to seek initial funding from family and friends.  Since the holidays are creeping upon us, this means spending time with family members and loved ones.  During the festivities, discussions surrounding what people have been doing or planning on doing are bound to surface.  You may get …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2013/12/your-loan-to-a-start-up-may-be-treated-as-a-gift/

What Buyers Don’t Want

When you own your home, most people have a never ending to-do list of home renovations they would like to accomplish.  Home improvements can be expensive.  For most upgrades, you do not get a dollar-for-dollar increase in the value of your home.  However, most people still choose to carry out the renovation for personal enjoyment. …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2013/11/what-buyers-dont-want/

Government Shutdown, What to Expect

It is Tuesday, October 1, 2013 and Congress has not been able to reach a compromise on a funding bill that could get the government running again.  One of the major stumbling blocks is the long-running dispute regarding President Obama’s health care reform law (commonly referred to as Obamacare).  The House would like Obamacare to …

Continue reading

Permanent link to this article: https://betweenthenumbers.net/2013/10/government-shutdown-what-to-expect/