Sage Investigations; Critical, inside information to help you prevail when dealing with the IRS

JUNE 2014

In This Issue

Due Diligence Helps Manage Risk

Taxpayer Decision- Auditor or Special Agent

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"The best strategy in life is diligence."

The goal of this e-newsletter is to provide you critical, inside information that will help you prevail when defending an IRS criminal case. We will do this by sharing the knowledge we have from our 25+ years of experience as an IRS Special Agent.

We are grateful to have the opportunity to provide you this valuable information via our monthly e-newsletter and our unparalleled forensic accounting and investigative services.

We take special care to ensure the information we provide you in "The Beacon" is the latest and most current information available. In this edition, we have addressed how "Due Diligence Helps Manage Risk" and how it is the "Taxpayers Decision if to have an Auditor or Special Agent".

We want to write about topics that will assist you in prevailing with criminal IRS cases. Please e-mail us your topics of interest to Thebeacon@sageinvestigations.com.

We encourage you to share our e-newsletter with others in your sphere of influence.

Sincerely,

Edmond J. Martin

Principal, Chief Investigator
Certified Fraud Examiner (CFE)

Texas Certified Investigator (TCI)

Due Diligence Helps Manage Risk

What is due diligence?

(1) The care that a reasonable person exercises to avoid harm to their person, finances or that of another person. ^[1]

(2) The process of obtaining and evaluating details about the subject, entity, or investment opportunity before making a business or investment decision.

(3) It is reasonable steps taken by a person in order to satisfy a legal requirement especially in buying and selling real or personal property.

Due diligence is easier now than ever before because Google, Bing, and other search engines increase access to public records and other relevant information about a subject, an entity or an investment opportunity. Although ubiquitous, these resources do not replace the value of gut instinct and recommendations of a friend or associate when making major decisions.

Some people are blessed with sufficient income to make investments in excess of six figures. With that much money at stake it is wise to hire a professional investigator who is trained and experienced in locating the information necessary to make investment decisions. "The best predictor of future behavior is past behavior" applies in most cases. The best way to avoid loss of money is to... Read More

Reference

Merriam Webster Dictionary

Taxpayer Decision... Auditor or Special Agent

We read in the newspaper that the number of audits is down to less than 1%. In the Kiplinger article dated April 30, 2014, the Commissioner of the Internal Revenue Service (IRS) advised the agency will perform 100,000 or fewer audits this year. The odds are reassuring that the vast majority of tax returns will skate through the IRS centers. Although the odds are against being audited, audits can and do occur. The better prepared you are for an audit the better the process will be. The experienced officers at Sage Investigations offer the information in this article to help you prepare.

There are three types of audits: correspondence audits, office audits and audits by field agents. These audits may relate to income deficiencies or expenditure substantiation and can involve two or three years of tax returns. The civil statue allows three years of returns to be reviewed and the burden of proof is on the taxpayer, whereas the criminal statute generally allows six years to be review and the burden of proof is on the IRS.

To be successful when audited, gather your records and ... Read More

About Us

Serving your needs is our priority.

At Sage Investigations we are dedicated to serving our clients nationally, to help them navigate the difficulties of dealing with the IRS, and other complex (forensic) financial fraud investigations both civil and criminal. By narrowing our focus to our primary strength of following the money, we steer our knowledge, efforts, and experience to financial issues. We help our clients propel their cases forward by assisting in the review, acquisition, and organization of financial records, evaluating the elements of their cases, and helping create winning strategies. Through the use of our proprietary advanced financial investigative technology we analyze complex financial data quickly, easily and efficiently, saving our client's time and money.

Sage handles all cases with altruism, professionalism, honesty, integrity, passion and respect. When you hire Sage, you hire a team of professionals with skill and knowledge that helps you have more effective solutions. We are innovative with our DIO cutting edge technology, and perform every investigation in an orderly and organized manner to develop a clear investigative roadmap and deliver a quality work product. The compass that guides us is strong leadership and accountability. Learn more...

P.O. Box 160161

Austin, TX 78716

Phone: 512-659-3179

Fax: 512-328-6878

Email: info@SageInvestigations.com

www.sageinvestigations.com

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