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Forensic Accounting, Forensic Techniques, and Fraud Detection Copyrighted 2001 D. Larry Crumbley, ... - page 290 / 352

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© D.L. Crumbley

Indirect Methods

An indirect method should be used when:

The taxpayer has inadequate books and records

The books do not clearly reflect taxable income

There is a reason to believe that the taxpayer has omitted taxable income

There is a significant increase in year-to-year net worth

Gross profit percentages change significantly for that particular business

The taxpayer’s expenses (both business and personal) exceed reported income and there is no obvious cause for the difference

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