What Not To Do as an Accountant

1. Inflate other businesses’ deductions by classifying wages and income as loan repayments.
2. Not filing your own tax return.

And if you do both, and get caught, you’re likely going to be joining Brian Cox at ClubFed. Mr. Cox is a former Detroit-area accountant who did both of the above. He was found guilty earlier this year of 42 counts of filing false claims and 11 counts of preparing false tax documents. He’ll be spending 33 months at ClubFed and will have to make restitution of $104,000.

News Stories: Detroit News, Detroit Free Press

This entry was posted on Sunday, October 15th, 2006 at 10:55 pm and is filed under Tax Fraud. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

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