13d • 💬 Discussion
Forensic Accounting W/O Accountant
Just wanted to post about some cool accounting $hit I ended up doing tonight -
● The Problem: XXX Elite Transport's tax preparer filed a 2024 Form 1065 showing $281K in profit.
Ashek suspected it was wrong. We forensically reconstructed the finances from bank records,
check images, and credit card statements.
What We Found: The profit is massively overstated. Roughly $224K in legitimate business expenses were either missed or underreported:
- $145K in driver payments (checks + Zelle) left out of Cost of Labor
- $42K in rent never deducted at all
- $28K+ in credit card charges (fuel, tolls, repairs, permits) not on the return
- $1,143 in depreciation for a company that owns all its trucks — should be tens of thousands more
- Worker classification risk — checks labeled "Wages" with zero payroll infrastructure
Revised profit: ~$58K (not $281K). Both partners likely overpaid $46K–$57K+ in taxes, potentially more once truck depreciation is calculated.
What We Delivered:
- Full forensic analysis with line-by-line reconciliation
- Revised P&L with every expense category corrected
- Professional PDF report ready for the accountant
- 12 prioritized action items (amended 1065, corrected K-1s, 1099-NECs, depreciation calc)
Still waiting on: Truck details for depreciation, cash withdrawal classifications, and MMA account ownership confirmation.
It made a full on PDF breakdown for me as well. So awesome! I did the accountants job for him lol -
These guys are definitely amending their 2024 taxes lol
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Forensic Accounting W/O Accountant
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