Forensic Accountant
👤 PersonAppearances Over Time
Podcast Appearances
income really should be based on their level of experience and education and so forth.
This is great. Like, say, for example, loan application. And I'm not trying to rip this out of the headlines. Absolutely not. One of my favorite tools is the loan application. Because in that case, you're looking for how much income are you telling the bank that you make? What's it substantiated by? And for the business owner, what are you saying the business is worth?
This is great. Like, say, for example, loan application. And I'm not trying to rip this out of the headlines. Absolutely not. One of my favorite tools is the loan application. Because in that case, you're looking for how much income are you telling the bank that you make? What's it substantiated by? And for the business owner, what are you saying the business is worth?
This is great. Like, say, for example, loan application. And I'm not trying to rip this out of the headlines. Absolutely not. One of my favorite tools is the loan application. Because in that case, you're looking for how much income are you telling the bank that you make? What's it substantiated by? And for the business owner, what are you saying the business is worth?
I've had cases forever where they're doing what's called puffing, where you're inflating the numbers. because you want to get that good loan, right? That you can't really afford. I've also had cases where for some reason they're diminishing what their assets and their net worth is on a loan application. Still never figured out why, but I have seen that.
I've had cases forever where they're doing what's called puffing, where you're inflating the numbers. because you want to get that good loan, right? That you can't really afford. I've also had cases where for some reason they're diminishing what their assets and their net worth is on a loan application. Still never figured out why, but I have seen that.
I've had cases forever where they're doing what's called puffing, where you're inflating the numbers. because you want to get that good loan, right? That you can't really afford. I've also had cases where for some reason they're diminishing what their assets and their net worth is on a loan application. Still never figured out why, but I have seen that.
So that's probably the best example of third-party documentation.
So that's probably the best example of third-party documentation.
So that's probably the best example of third-party documentation.
For me, the big one is always when I hear from somebody that you don't need to worry about that. Or even better yet, it's complicated. It'll be too hard to explain to you. Let me just take care of it. So why are you not willing to share with me something that may affect both of us?
For me, the big one is always when I hear from somebody that you don't need to worry about that. Or even better yet, it's complicated. It'll be too hard to explain to you. Let me just take care of it. So why are you not willing to share with me something that may affect both of us?
For me, the big one is always when I hear from somebody that you don't need to worry about that. Or even better yet, it's complicated. It'll be too hard to explain to you. Let me just take care of it. So why are you not willing to share with me something that may affect both of us?
And if the answer seems complicated and it doesn't inherently feel like it should be complicated, it's because there's a layer there that they're inserting as a barrier and the barrier shouldn't be there.
And if the answer seems complicated and it doesn't inherently feel like it should be complicated, it's because there's a layer there that they're inserting as a barrier and the barrier shouldn't be there.
And if the answer seems complicated and it doesn't inherently feel like it should be complicated, it's because there's a layer there that they're inserting as a barrier and the barrier shouldn't be there.
Isn't there a change in how the financial assets are being accumulated? Did we suddenly go from having direct deposits and now we're receiving checks? Another fan favorite, because it's really not that creative, what people think it is, is they're going to switch from either having minimal federal tax withholding to maximizing the federal tax withholding.
Isn't there a change in how the financial assets are being accumulated? Did we suddenly go from having direct deposits and now we're receiving checks? Another fan favorite, because it's really not that creative, what people think it is, is they're going to switch from either having minimal federal tax withholding to maximizing the federal tax withholding.
Isn't there a change in how the financial assets are being accumulated? Did we suddenly go from having direct deposits and now we're receiving checks? Another fan favorite, because it's really not that creative, what people think it is, is they're going to switch from either having minimal federal tax withholding to maximizing the federal tax withholding.
thinking that they're going to file a separate return from their soon-to-be ex, and they're going to get to hide all that money and keep that tax refund for themselves. Nope, not going to happen. So we just have to look at what's changed. He's bringing home less money. Let's look at a piece though. Let's see if maybe he's putting more into a 401k. It could be anything.