Ray Knight examines fraudulent transfers of assets

The professor of accounting reviews the Uniform Fraudulent Transfers Act in a TAXES - The Tax Magazine article.

Ray Knight, professor of accounting in the Martha and Spencer Love School of Business, examines the law encompassing valid and fraudulent transfers of assets in an article published in the Nov. 2021 issue of TAXES – The Tax Magazine.

headshot of Ray Knight
Ray Knight, professor of accounting

In the article “Financial Despair: Taxpayers Who Make Fraudulent Transfers of Assets to Avoid Payment of Tax to the IRS May Be in Jeopardy,” Knight and co-author Lee Knight, Wake Forest University, discuss the Uniform Fraudulent Transfers Act (UFTA) and explain the circumstances in which a transfer may be considered fraudulent.

The authors encourage tax advisers to learn the UFTA rules in order to properly counsel transferor clients and avoid problems for both the transferor and the transferee(s).

Prior to joining Elon in 2017, Knight taught at Wake Forest University. His teaching and research specialty is Federal taxation with both practitioner and academic approaches. He has co-authored more than 150 articles in professional and applied research journals as well as eight textbooks.

During his professional career, Knight held management positions in the Big Four accounting firms.