With the onset of the COVID-19 virus and the shutdown of the worldwide economy what new risks exist for businesses and government entities. The criminals came up with new scams within days of the virus outbreak.
Tax fraud was a major issue in 2020 and continues to be a problem in 2021. We will consider the issue from the government, employer and individual perspective. How to protect yourself or your clients from this type of fraud, and what to do to assist victims of tax frauds.
Publication Date: August 2021
Designed For
CPAs, CFEs, CMA, CIAs, CFFs, MAFF, CGMAs, CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, government accountants and risk management personnel.
Topics Covered
- Fraud Research
- The Elements of Fraud
- IC3 Complaint Statistics
- Types of Tax Fraud
- IRS Tax Frauds 2020
- COVID”19 Tax Frauds
- IRS Dirty Dozen Tax Frauds
- Abusive Tax Frauds
- Tools for Detecting Tax Frauds
- Reporting Tax Frauds
- Title 26 USC §7201
Learning Objectives
- Identify new cyber fraud threats related to COVID-19 pandemic
- Identify tax frauds related to COVID-19
- Identify Red Flags for tax frauds
- Identify tax fraud schemes that affect businesses and individuals
- Recognize what is not required for fraud
- Describe parts of the fraud triangle
- Identify reasons why people commit tax fraud
- Recognize what would not generate an IRS penalty
- Describe the Dirty Dozen Tax Frauds for 2020
Level
Basic
Instructional Method
Self-Study
NASBA Field of Study
Taxes (2 hours)
Program Prerequisites
None
Advance Preparation
None
Instructor
Robert K Minniti
DBA, CPA, CFE, Cr.FA, CVA, MAFF, CFF, CGMA, PI
Dr. Minniti is the President and Owner of Minniti CPA, LLC. Dr. Minniti is a Certified Public Accountant, Certified Forensic Accountant, Certified Fraud Examiner, Certified Valuation Analyst, Certified in Financial Forensics, Master Analyst in Financial Forensics, Chartered Global Management Accountant, and is a licensed private investigator in the state of Arizona.
Dr. Minniti received his doctoral degree in business administration from Walden University, received his MBA degree and Graduate Certificate in Accounting from DeVry University’s Keller Graduate School of Management, and received his Bachelor of Science in Business Administration degree from the University of Phoenix. Dr. Minniti taught graduate and undergraduate courses in forensic accounting at DeVry University, Grand Canyon University, Kaplan University, Northwestern University, and the University of Phoenix. He designed graduate and undergraduate courses for Grand Canyon University, Northwestern University, and Anthem College.
He is a writer and public speaker. He has experience in forensic accounting, fraud examinations, financial audits, internal audits, compliance audits, real estate valuations, business valuations, internal control development, business continuation planning, risk management, cyber security, privacy laws, data security, Sarbanes-Oxley compliance work and business consulting. In addition to his practice Dr. Minniti is an instructor teaching continuing professional education classes for a variety of providers and CPA Societies.
Dr. Minniti is currently serving as a board member on the National Association of Certified Valuators and Analysts' (NACVA) Litigation Forensics Board (LFB) and as a committee member on the Arizona State Board of Accountancy's Law Review Advisory Committee.