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Essay Available:
Pages:
2 pages/β‰ˆ550 words
Sources:
3 Sources
Style:
APA
Subject:
Accounting, Finance, SPSS
Type:
Case Study
Language:
English (U.S.)
Document:
MS Word
Date:
Total cost:
$ 9.36
Topic:

Taxation Case Against Robert Brockman

Case Study Instructions:

Federal prosecutors have charged Texas billionaire, Robert Brockman, with a $2 billion tax fraud scheme in what they say is the largest such case against an American. Before attempting this assignment, review the case, CEO of Multibillion-Dollar Software Company Indicted for Largest-Ever Tax Evasion as Private Equity CEO Makes NPA to Cooperate in the Case.
Instructions
Write a 2–3 page paper about this tax fraud case, in which you:
Summarize the Robert Brockman tax fraud case.
Evaluate the issues that led to the tax fraud.
Analyze a CPA's culpability in cases of tax fraud by clients, regardless of whether they had knowledge of the fraud.
Evaluate ways a tax preparer can detect signs of tax fraud in order to prevent future tax fraud.
Use three sources to support your writing. Choose sources that are credible, relevant, and appropriate. Cite each source listed on your source page at least one time within your assignment. For help with research, writing, and citation, access the library, or review library guides.
This course requires the use of Strayer Writing Standards. For assistance and information, please refer to the Strayer Writing Standards link in the left-hand menu of your course. Check with your professor for any additional instructions.
The specific course learning outcome associated with this assignment is:
Evaluate a business tax scandal, including income taxes, to determine weaknesses that could lead to future problems.

Case Study Sample Content Preview:

Taxation Case
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Taxation Case
Tax fraud is a common problem in the accounting profession. It is an example of tax evasion whereby an individual deliberately and illegally attempts to obtain tax gain (Frunza, 2018). Tax fraud is complex for accountants since it can take different forms, such as altering the books of accounts. A company may also fail to register for tax entity or even use the wrong financial statement. Therefore, an accountant must understand the signs of tax fraud. The paper addresses a tax fraud case that involves Robert Brockman by summarizing the case and identifying promoters of the tax fraud.
Summary of the Case
The case comprises a software company's CEO, Robert Brockman. Brockman faces thirty-nine counts of tax evasion. The major offenses included money laundering, wire fraud, and tax evasion (Zagaris, 2020). Brockman used specific tricks such as backdating the financial information to hide funds, and he further went ahead to encrypt the information to avoid being retrieved. Brockman also used offshore services to hide revenues from the IRS. He was assisted by his counterpart Robert Smith in executing the listed offenses. After a comprehensive investigation, he was charged with the offense of hiding revenue totaling $ 2 million but pleaded not guilty.
Issues that promoted the Tax Fraud
The case study shows specific issues that promoted tax fraud. The first issue is being a company's insider and understanding specific loopholes such as purchasing the debt securities. The ability allowed him to use Vista partners, thus leading to tax fraud (Zagaris, 2020). The second issue is the extreme control he had in the company. His powerful position allowed him to use other parties, such as Smith, with adequate financial kn...
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