Chicago Accounting Articles

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 consistent basis, than companies that...

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, disclosed...

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 living,...

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 has...