How do you go about reporting a corporation for hiding income & using corporate funds for personal gain?

Depending on the state you live in there are probably whistleblower statutes on the books. There are also federal whistleblower statutes. Best to consult a local lawyer.

It depends on the specific kind of fraud. You should probably start by reporting it to your direct supervisor (document this - in written form). If that is ignored by the company, you should then take any evidence you have along with your documentation to the appropriate authorities. Your local IRS office will certainly be interested, as will, potentially the SEC (if publicly traded) and the authorities (e.g. your local police, who will work with the local D.A. to prosecute).

It depends on who you are? (DO you work for the company)

If you work for them, in what capacity do you work for them? (i.e. lawyers and accountants have special obligations)

Is it a publicly traded company?

Answer these questions, and I will tell you how to proceed. Any advice that ignores these questions cannot be relied upon.

Start with the IRS and go from there. I'm sure it'll start to snowball.

Tags

　　Investment Account 　　Invest Money 　　Invest in Gold 　　Invest Fund 　　Income Fund 　　HYIP 　　High Yield 　　Hedge Fund

Related information

Are there any grants or loans available in Illinois for a lower income family to purchase a business?

Contact a local bank and ask them about the SBA 504 Program. You will need at least a 10% equity injection (down payment) If you have equity in your personal residence or in the property in Kentuck...

Are income in Mutual Funds taxed as Ordinary Income or Capital Gains?

The answer is both. Capital gains is only beneficial to you at a lower tax rate (15%) when it is a LONG term investment (held more than 1 year) Some things in your M Fund will be long term. If ...

Would proceeds from selling my old stuff on ebay require reporting the funds as income?

Not unless you made a profit on them, or depreciated them as business assets. The assumption is that you bought them with income you had already payed taxes on.

...

How much of my gross income can i invest in schemes that allow me to avoid income tax?

non-taxable investments, for example non-taxable municipal bonds. Be careful of the AMT (alternative minimum tax), check out some non-taxable amt free mutual funds (google for some)

...

Because investment trust funds are intended to generate income on an ongoing basis to be used to support the p

You are taking a significant risk when you post homework questions here, as you have no idea whether anyone who answers is academically gifted or not (i.e. a person can be very successful in world ...

How do mutual fund investments affect my taxes?

I think you need to check with your tax preparer. Any advise offered here would not take into full account your overall tax record and therefore could not be 100% accurate. Good luck!

...

What is mothly income scheme?

It is better if you will not invest it in share market or anywhere else. You just deposit this money in post office or bank as Fixed Deposit and choose monthly income scheme. They will give you mon...

Any benefit to investing in mutual funds that distribute income and gains?

It depends on what your goal is. If you need the income that comes from those distributions, then its a great plan. A lot of retirees use this method to get a monthly income and leave their pri...