My father is a federal tax auditor. What specific businesses should he recommend for investigation?
My father is a federal tax auditor. What specific businesses should he recommend for investigation?
So I found out the other day that he is personally on a board of auditors that legitimately get to decide specific businesses for investigation. He asked me for suggestions the other day. I would love to hear some.
Non-profit health and human services companies. Crooked as all hell. It seems like a lot of them are working some sort of real estate racket and Medicaid fraud. A fun game is to look up a board of directors for these places and see how many of their "businesses" are registered to the Cayman Islands or something.
Any insurance company, and especially workman's comp ones.
MLM companies like Anyway or Herbalife.
Do you mean Amway, whose website specifically denies being a scam
https://www.amway.com/amway-insider/common-questions/myths
Thanks for specific companies, that’s what I’m looking for, not industries
Any company that needs to reassure you they are not a pyramid scheme is just.. outing themselves, honestly.
Basically any towing company that deals exclusively in cash
Small business run by Pell grant recipients that have operated successfully for at least five years in underserved areas.
Edit: Seriously they should target either arms manufacturers or unproductive and socially harmful industries like gambling, predatory lending, debt collection, crypto scams or slum lords
Second slum lords. A big enough company will most likely have their shit on lock because they have a dedicated department for it, or will make the audit process really long and arduous for likely no results.
On the other hand, slumlords are the perfect middle ground between tiny small business owners whose accounting isn't really complex, so everything is likely to be in order, and big companies who have the resources to exploit tax loopholes and not get in trouble.
A slum lord is very likely to have enough units to make accounting complex, while not being willing to spend any money doing accounting well, so they'll cut corners and fudge numbers to evade taxes as much as possible
Real estate is also a huge money laundering sector because there's basically no KYC laws
the police
I think investigation of how tax money is spent is different. He specifically looks into big companies not paying their taxes appropriately.
Companies that have presence in multiple jurisdictions and own a lot of subsidiaries who do a lot of inter- and intra-company transactions. Top three telcos as examples
Gangs are not legitimate businesses, unfortunately.
Anything in real estate
Matt Walsh. That man might just be anti Tax compliant.
Probably Gamestop?
HODL
Not sure how rural you wanna go. But outdoor adventure companies. People who offer boat/jet ski/hunting trips/atv tours.
the business reading this
Boeing
You want OP’s dad to die?
can we DM you local suggestions that would doxx us?
Please do
Special purpose vehicles (SPV) and special purpose acquisition companies (SPAC) - especially with 704(c) layers. It goes well with the new Form 7217. Also please get me a job lol
Well you sound like you know what you're talking about! He works for one of the Offices of Inspectors General, if you're actually interested.
Thanks haha but for opsec reasons it has to be a joke.
Casinos/ card rooms.
The pentagon
hell yeah
I'd say BlackRock, but I have no idea if theres anything to point at with them.
CocaCola company, whatever that is called.
Nestle.
Tyson foods.
Tesla (of course) and twitter (I'm pretty sure the idiot has tweeted about not paying taxes) and SpaceX.
Boeing.If he doesn't exclusively do large corps: Any construction company
bump, off the top of my head I don't have any good ideas for companies that are unusually bad and also especially likely to be guilty of tax fraud
Choose the towing company in your town. Most of them are shady enough to be doing something writing. I recommend Towing Holdings LLC (company number 20181273447) because they've gotten in trouble for mishandling funds before and are basically a criminal enterprise as it stands.
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Your local mattress outlet store.
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Choose your large car dealerships especially chains in rural areas, they usually take huge cash sales and pretend not to know anything and definitely don't claim it on their taxes. Where I live they boast about it in public all the time.
Pretty much any company that's cash only and has a monopoly of an area is a good pick, towing, utility, large tree cutting, some factory farms, manufacturing (esp of parts that go into arms/specialty weaponry) and chain medical, big contractors that offer services for HOAs and it must go through them, professional cleaning services. That's very broadly of course.
Intel
Microsoft
Nvidia
ISIS
the ndrangheta