Shri Vari Foundation Inc. non-profit with $24,361.00 missing

Mr. Sushil Kumar, CPA, CGMA

Trinity Tax & Fin Soln Inc.

116-16 Queens Blvd. Suite 245

Forest Hills, NY 11375

Sep. 21, 2013

 

Ref.: 2009, 2010 & 2011 Tax Returns of Shri Vari Foundation missing $24,361.00

&

Your Letter dated Sep. 20, 2013 issued to Dr. Prakash Swamy

 

Dear Mr. Kumar:

 

I have received a letter on Sep. 21, 2013 at 2:26 PM via e-mail from Dr. Swamy issued by you to your client Dr. Swamy the sole Officer of Shri Vari Foundation Inc. (SVFI). I am reproducing patially the same with some quesries related to SVFI to refresh your memory also attaching the 2009, 2010 and 2011 IRS 990 filed by your company Trininity Tax & Fin Soln Inc. (TTFSI) and signed by Dr. Prakash M. Swamy.

 

As per TTFSI website you are the owner. In my 25 years of business carrier probably you are the First CPA who besides doing accounting work for his clients also issues “Character Certificates” to his clients. You have written that Dr Swamy is of highest character, integrity and very responsible person. I guess this is part of “Code of Conduct and Ethics” for a CPA practicing in New York. If it is part of that then please educate me about it under what clause and rule number you or TTFSI can issue “Character Certificates” to your clients. Please provide your response in writing for Public consumption and education.

 

As you have admitted in the above letter that TTFSI is the accountants for SVFI and you have also volunteered to answer questions related to SVFI. Will you be kind enough to answer the following questions based on attached 2009, 2010 & 2011 IRS 990 filed by SVFI and prepared by TTFSI:

 

1. As per 2009 Returns SVFI has $26,502.00 in Bank Accounts as follows:

(a) HSBC $ 230.00

(b) CITI $ 6,272.00

(c) CITI $20,000.00

 

(2) As per 2010 Returns SVFI has $24,361 in Banks/Net Assets

PLEASE EXPLAIN WHY THERE IS NO MENTION OF BANK’S NAME WHERE $24,361.00 WAS KEPT?

 

(3) As per 2011 Tax Returns WHY THERE IS NO MENTION OF $24,361.00

 

(4) WHY THE TAX RETURNS FOR 2010 WERE FILED ON 06-04-12 DESPITE BEING

SIGNED BY TTFSI & DR. PRAKASH M SWAMY ON 03-24-11?

 

I will be highly obliged if you can answer the above questions ASAP in writing as well as the proof where SVFI or Dr. Swamy is keeping that $24,361.00. If the Funds were used for Community work please provide when, where and how it was withdrawn from the Bank.

 

Sincerely,

Devendra Makkar

Community Activist

568 Ashwood Rd.

Springfield, NJ 07081

973 416 1600 Fax 973 416 1500

 

FOR IRS TAX RETURNS OF SHRI VARI FOUNDATION go to GUIDESTAR.COM or write to dave_makkar@yahoo.com

 

 

Done