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Embezzlement Corporate Law

Discussion in 'Business & Corporate Matters' started by Seeknyeshallfind, Apr 29, 2017.

  1. Seeknyeshallfind

    Seeknyeshallfind Law Topic Starter Guest

    Jurisdiction:
    Michigan
    I'm just curious as to what petrains to embezzlement in a self owned company? If it's family run, obviously everyone will benefit from perks. But how far should perks go before it is no longer legal? When they have to be hidden. If there are people who do not work for the company but are receiving a perk of vehicle or phone this can't be included in a company write off can it? If someone is writing checking in company name for their own personal home renovations this can't be used as a company write off...right? This IS crossing a line isn't it? Vacations that are listed as business trips but members that are not part of the company go at the companies expense. How does that work? I need to know the details of what is acceptable and what is not. This company has been tore down previously by IRS and had to rename due to similar instances. I believe they are doing this again but trying to be alittle smarter this time. But I don't know how good they are actually hiding the trail.
     
  2. hrforme

    hrforme Active Member

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    Sounds like tax evasion vs embezzlement if the money is truly theirs... you could make an anonymous audit request to the IRS if you think they are claiming ineligible expense but unless u are their accountant, you really don't know what they are claiming.
     
  3. adjusterjack

    adjusterjack Super Moderator

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    Who are you in all this and why is it your business?

    I'm not being snide. It has a lot to do with analyzing the situation.
     
  4. army judge

    army judge Super Moderator

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    Thieves and their henchmen will sometimes kill those who hamper their efforts.
    Be very careful, mate, very careful.
     

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