Frank Perillo Jr., Cpa, Cfe, Cff, Ms Tax Email & Phone Number

Philadelphia, Pa, Us

Research domestic and international transaction activity including retail and correspondent banking based on anti-money laundering compliance procedures of a large financial institution with group members and affiliates located globally. Assess identify and mitigate risk identifying trends, and potential suspicious activity related to money laundering, terrorist financing, and other criminal activities. Utilized banking systems, subscription, public data bases and other tools including Lexis Nexis, RDC and World Check to perform enhanced due diligence. Reviewed customer documentation including KYC, to research clients, counterparties and assess applicability if any to OFAC Sanctions and FINCEN regulations. Document the research and analysis related to the financial activity and identified red flags and if appropriate escalating activity SAR. Chosen to participate in the project launching and testing of the Norkom Alert Monitoring System to be used company wide. Train new investigators to locate, identify and research parties and in the use of the Norkom Alert monitoring system.

Plan, prepare, review and process tax returns including Forms 1040, 1120’s, 1065, 1041’s and State and Local compliance. Returns were e-filed using Ultra Tax. Special projects completed include Federal, State, & Local tax compliance at the employer/employee level for German Nationals while employed at a Philadelphia Area Ship Yard, and the preparation of a cost segregation analysis of an acquisition.

Review, prepare, and process forms 1040, 1120, 1120’s, 1065, SMLLC, 990, 5500, 5471, 8865, 1118, 1099, W-2, Property, Sales & Use tax and personal Federal, State, and local income tax returns utilizing Go systems, CCH Forms, QuickBooks, financial statements and other records. Responsible for the firm’s non-profit returns comprised of notable Philadelphia area nonprofit organizations, and a wide variety of other clients and business entities. Conducted tax research, planning, preparing tax estimates, respond and resolving Federal, State and Local tax notices, compliance issues, and audit inquiries. Trained and provided CPE to tax staff regarding tax preparation, and questions of Federal, State or Local tax law. Responsible for assigned staff, meeting and presenting information to clients, client billing, and other administrative matters.

Review, research, prepare, and process a wide variety of business and individual returns, Property tax, Sales & Use, Franchise tax and personal Federal, State and local income tax returns. Clientele include professional athletes facilitating filings throughout the United States. Systems utilized include pro-series, pro-systemsfx, CCH Forms, QuickBooks, financial statements and other records. Timely respond and resolve Federal, State and Local tax compliance issues, audit inquiries and conduct tax research providing feedback to staff regarding questions of Federal, State or Local tax law. Prepare business registrations, applications, and determine compliance with Federal, State, and Local jurisdictions. Consult with firm partners on tax related litigation matters.

The firm specializes in providing investigative accounting and litigation services. Engagements included providing assistance to counsel in civil and criminal litigation matters. Civil litigation experience includes assisting in the computation of bondholder loss claims, assisting counsel in defending a class action suit, analysis and determinations of financial statements and records in family and business disputes; Reviewing claims in Insurance and construction contract surety matters, including an electricity power provider’s business interruption claim (23M) and construction litigation assistance (38M) concerning a new Pennsylvania major league baseball stadium. Criminal litigation experience includes assistance to the defense or counsel in tax, embezzlement, and other white collar financial frauds, which require financial analysis.

Washington, District Of Columbia, Us

Planned, participated in and conducted complex financial criminal investigations involving violations of various federal statutes, including tax violations and money laundering. Investigations conducted include businesses and individuals of various sizes and nature, including both for profit, and non-profit organizations. Duties include gathering, analyzing and properly documenting information and/or evidence and preparing detailed reports, schedules and memoranda. Investigation methods included the use of summons, subpoenas, third party interviews, public records, internal sources, search warrants, and surveillance. I was assigned to the High Intensity Drug Trafficking Area (HIDTA). Recipient of the Outstanding Special Agent Award – March 29,1996.

Washington, District Of Columbia, Us

It was my responsibility to coordinate, plan, and complete quality examinations of various business and individual Federal Income Tax returns selected for audit. My audit experience ranges from automobile dealerships, to aluminum recyclers and includes various types of professionals, businesses and individual returns. including Subchapter S, Partnerships, Individual, and Employment tax returns. A pre-audit financial analysis was completed. Taxpayers were interviewed and accounting procedures and internal controls were documented. Audit scopes were expanded or contracted as necessary based upon audit results. Interpretations were made of Federal tax laws based upon documentation provided and developed during the course of examination. Detailed reports including various work papers and schedules were prepared to document, develop, and support issues as well as case document the taxpayers’ position. Audit results were communicated to taxpayers and/or their representatives both orally and in written reports. Participated in Title 31(Monetary Instruments Transactions) and Form 8300 (CTR) Compliance Investigations and examinations of Tax protestors. I have used various direct and indirect methods to determine unreported income. These methods resulted in numerous civil and criminal fraud referrals. As an agent, I was selected to participate in the development of audit techniques for the Jewelry industry. I am a trained instructor, and taught Fringe Benefits to Revenue Agents throughout the Philadelphia area as part of I.R.S. Continuing Professional Education. Recognized by the Commissioner of Internal Revenue Service Margaret Milner Richardson, related to a bribery investigation – May 14, 1997. Received Recognition relating to a bribery investigation – November 12, 1997. Conducted the examination of an IRS Agent in cooperation with Inspection Division and Criminal Investigation Division of the Internal Revenue Service resulting in arrest for Tax evasion.

Master Of Science - Ms, Taxation

Bs Bus Adm, Accounting & Management