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PDtax
PDtax, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 4404
Experience:  35 years tax experience, including four years at a Big 4 firm.
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Is a CPA and partner in a large CPA firm. One of s audit

Customer Question

is a CPA and partner in a large CPA firm. One of his audit clients was found guilty of issuing fraudulent financial statements. The SEC sued John for failure to find and disclose his client’s fraud. The suit demanded $100,000 of fines and $2 million of restitution. John settled with the SEC before the suit was decided. He paid the SEC $1 million. Discuss the taxation of this settlement. How would your answer change if the settlement was paid by the CPA firm?
Submitted: 1 year ago.
Category: Tax
Customer: replied 1 year ago.
I have to type a two page tax research memo on the findings.
Expert:  PDtax replied 1 year ago.

Hi from Just Answer. I'm Pdtax, and can assist.

The price offered for the research and memo is a bit low. I can assist, and will post an Offer for a price increase.

Accept, and I can start tomorrow. Please advise your deadline.

Customer: replied 1 year ago.
Sorry it's due tomorrow at 8 a.m.

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