USA Reflecting illegals in company bookkeping.

[Company_accounting]

If company owner would want to legalize some of the company illegals without "problematic records", are there any specialised accounting entries ?

 

[Steve-LevelUp]

If the illegal activities are truly criminal acts, then there is no recommendation I can give. However, if you are referring to tax evasion or some other kind of activity, there is typically a 'come clean' clause (there is in Canada, and I'm not certain of the US) where you can forthrightly declare income from the past and pay income tax on it and avoid penalties.

If you are referring to money laundering or other such activity, then this is not the forum for you, you need a lawyer.

 

[Company_accounting]

Not about recommendation, about accounting entries. Let's say, you Steven, were involved in money laundering in Canada but before you moved to another company in United States, employer might want to know if there are no claims addressed to you personaly.