Small Business Tax Frauds (Currently Unavailable)

Author: Robert K Minniti

This on-demand course, offered by Dr. Minniti, will help you recognize the different ways small businesses commit tax fraud and red flags that may indicate tax fraud. The course covers topics such as tax avoidance vs. tax evasion, common income tax frauds, failure to pay federal excise taxes, and more.

Publication Date: May 2018

Designed For
CFOs, CEOs, business owners, business managers, internal auditors, external auditors, corporate accountants, CPAs, CMA, CIAs and risk management personnel.

Topics Covered

• Various ways small businesses commit tax fraud
• Red flags that could be indicative of tax fraud
• Types of Tax Fraud
• Tax Avoidance vs. Tax Evasion
• Common Income Tax Frauds
• Current cases from the news will be presented for discussion
• Failure to Pay Federal Excise Taxes
• Tools for Detecting Tax Frauds
• Internal Controls

Learning Objectives

• Identify common tax frauds committed by small businesses
• Recognize the various ways small businesses commit tax fraud
• Identify types of tax fraud
• Identify red flags for tax frauds
• Differentiate how various types of tax frauds apply
• Identify situations where business owners commit fraud
• Recognize tools for detecting tax frauds attempting to reconstruct gross revenue rather than adjusted income
• Differentiate code sections prescribed by the penalties for attempts to evade or defeat tax
• Describe how many billions per year tax evasion costs the U.S. Treasury
• Recognize the largest component of the underpayment is uncollected in taxes each year
• Identify tools used to detecting and preventing fraud
• Describe the prison time for an individual convicted of conspiracy to commit offense or defraud the United States

Level
Basic

Instructional Method
Self-Study

NASBA Field of Study
Taxes (2 hours)

Program Prerequisites
None

Advance Preparation
None