Forensic Accounting: Finding Hidden Treasure in Tax Returns

Overview

Almost every business and individual has to file tax returns, which can be a great treasure trove of information for forensic accountants. Whether in a divorce, partnership dispute, recreating books and records, or bankruptcy proceeding, analyzing tax return information should be an initial step in uncovering income and assets. The IRS retains a large amount of information, both from taxpayers and 3rd parties who report financial transactions. This course will be your guide in gathering, analyzing, and evaluating tax return information, so that you have a full picture of the financial investigation. Your presenter is a 20 year veteran with IRS-Criminal Investigation, who used this information as a basis for his federal criminal investigations.

This event may be a rebroadcast of a live event and the instructor will be available to answer your questions during the event.

Highlights

The major topics that will be covered in this course include:

• The rules of IRS disclosure of tax information
• Understanding the role of IRS transcripts
• Interpreting the actions of the IRS in transcripts
• FOIA requests
• Analyzing tax information and returns for financial leads

Prerequisites

A basic understand of tax return information and recreating books and records

Designed For

CPAs, forensic accountants, fraud examiners

Objectives

After attending this presentation, you will be able to...

• Identify the rules to get the IRS to disclose information
• Request pertinent information from the IRS
• Evaluate the information recorded in IRS transcripts
• Recognize the potential leads on individual and business tax returns
• Conduct an analysis of information into a spreadsheet

Preparation

None

Notice

This course is offered by a 3rd party vendor and will not be accessible in the My CPE Tracker section of the ISCPA website. Course access information will be emailed directly to you by CPA Crossings.