bobm
Garden Master
My wife started an IRS tax audit of a high earning insurance broker. As the audit progressed it involved a charitable donation to a church, which had a total of 6 members who were also making contributions as well as many types of business transactions among themselves. One of the 6 was their accountant and tax preparor. Looking deeper, my wife uncovered hundreds of thousands of dollars with totals into the millions of unreported income with all of the church members and others. Digging deeper the tax payer was a ceo of a company that gave him a W-2 as their employee for work performed , then that company took a deduction for cost of doing business . Digging deeper, this company was a subsidiary of a holding company with dozens of LLCs. nationwide. This tax payer as well as the 6 church members were owners and/ or ceos of a number of these subsidiaries that did business with each other , giving out W-2s to each other in a very complicated and elaborate business scheme. this case will now be turned over to tax court , followed by revenue agents starting their own tax evasion audits of these companies as well as other subsidiaries of the holding company.
