Chicago Accounting Articles

Tax Accountant Ethics Chicago Illinois

Updated July 22, 2015 Tax Accountant Ethics Chicago Illinois   Ethical responsibilities and duties of accountants and CPAs to the public interest   We are the watchdogs that maintain the veracity of the entire financial system of America. Whenever there … Continue reading

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CPA Accountant Ethics in Chicago Illinois

Updated July 23, 2015 CPA Accountant Ethics in Chicago Illinois Ethical responsibilities of CPAs and tax accountants to the client We have an ethical responsibility to protect our clients produce financial statements and tax returns to the best of our … Continue reading

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Tax Evasion in Chicago Illinois

Updated July 23, 2015 Tax Evasion in Chicago Illinois   Discipline versus tax evasion and tax evasion delusions   One of the basic laws of the world of auditing is that companies that are disciplined make more money on a … Continue reading

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IRS Red Flags Chicago Illinois

Updated July 22, 2015 IRS Red Flags Chicago Illinois   Red flag fraud detected in using aggressive accounting   The Internal Revenue Service has a fraud detection system which they are constantly refining.   They have never, to my knowledge, … Continue reading

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Seeking Revenge on an Ex Partner with an IRS Audit Chicago Illinois

Updated July 23, 2015 Seeking revenge on an Ex Partner with an IRS Audit Chicago Illinois   The oldest trick in the book is seeking revenge on an ex with an IRS audit.   There’s only one big problem which … Continue reading

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Commingling Funds Chicago Illinois

Updated July 22, 2015 Commingling Funds Chicago Illinois   Tax fraud, commingling funds, and potential audit problems   If you have more than one taxpaying entity, the entities must be kept completely separate.   A corporation, for example, is a … Continue reading

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CPA / Tax Accountant Ethical Standards

Update July 17, 2015   What are the ethical standards and responsibilities that a CPA or tax accountant has to a client?   What are the CPA / Tax Accountant ethical standards?   I’m paraphrasing, but basically we have a … Continue reading

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