Forensic Accounting
BACKGROUND OF THE CASE/ OVERVIEW
Sonya Fuentaz, an IRS-enrolled agent, has been contracted for preparing an annual income tax return for Carlito Alverez. Sonya is a little apprehensive about the engagement because she’s heard rumors that Carlito is a major drug trafficker with roots in Colombia. Sonia visits his home to discuss the details of his return and she’s shocked by the opulence she sees because the house is on 2 acres of land just west of the Intracoastal Waterway in Miami Beach. The land is completely surrounded by canals and connected to the rest of the city only via a narrow bridge that has small guardhouse and a security team protecting the entrance to the driveway. She sees other uniformed security guards walking around the perimeter of the property. The three story house appears to be as large as a small city block. She’s escorted by a housekeeper to a rear patio and garden where Alverez is sipping a martini and watching the large boats go by.
Carlito hates paying taxes and he needs an accountant who can save his money as much as possible. Carlito will pay $50,000 in cash, if Sonya agrees with the offer. Sonya needed the money and she said, she will accept Carlito offer. Before starting, Sonya asks Carlito not to tell about any illegal activities and she won’t be able to help Carlito if he does that. Carlito needs to completely truthful in his income tax return and must report all income, said Sonya. Carlito said that, the most of his money from commissions on international import and export business. He went on to show her detailed records of income and expenses. Most of the incoming funds had been deposited directly into foreign banks. Sonya takes that document back to her office and spoke to Julia Whitaker, her partner. Julia disagrees with what Sonya will do because they already know about the Carlito business activity. But, Sonya snapped, just because he’s rich and has a reputation doesn’t make guilty of anything.
Sonya Fuentaz, an IRS-enrolled agent, has been contracted for preparing an annual income tax return for Carlito Alverez. Sonya is a little apprehensive about the engagement because she’s heard rumors that Carlito is a major drug trafficker with roots in Colombia. Sonia visits his home to discuss the details of his return and she’s shocked by the opulence she sees because the house is on 2 acres of land just west of the Intracoastal Waterway in Miami Beach. The land is completely surrounded by canals and connected to the rest of the city only via a narrow bridge that has small guardhouse and a security team protecting the entrance to the driveway. She sees other uniformed security guards walking around the perimeter of the property. The three story house appears to be as large as a small city block. She’s escorted by a housekeeper to a rear patio and garden where Alverez is sipping a martini and watching the large boats go by.
Carlito hates paying taxes and he needs an accountant who can save his money as much as possible. Carlito will pay $50,000 in cash, if Sonya agrees with the offer. Sonya needed the money and she said, she will accept Carlito offer. Before starting, Sonya asks Carlito not to tell about any illegal activities and she won’t be able to help Carlito if he does that. Carlito needs to completely truthful in his income tax return and must report all income, said Sonya. Carlito said that, the most of his money from commissions on international import and export business. He went on to show her detailed records of income and expenses. Most of the incoming funds had been deposited directly into foreign banks. Sonya takes that document back to her office and spoke to Julia Whitaker, her partner. Julia disagrees with what Sonya will do because they already know about the Carlito business activity. But, Sonya snapped, just because he’s rich and has a reputation doesn’t make guilty of anything.