IRS Penalties for Lying on Your Taxes

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IRS Penalties for Lying on Your Taxes – This is a place for the community to provide tips and advice on IRS Penalties for Lying on Your Taxes. This topic was created by Lina Edberg and the tips are provided by the community. The tips you add here can be your own or referred from another site. The best tips are then ranked at the top when up-voted by members of the community.

Tip 1 - The Truth About Lying On Your Tax Return

Published: 9 years, 5 month(s) ago | Submitted by Serkhon | permalink

You sign tax returns under penalties of perjury, so don't make up expenses or under report your income. Tax return and FBAR enforcement is up, so be careful.
Tags: Business,Entrepreneurs,Investing,taxes,Taxes and Law,Washington,Taxes & Law

For further reading: http://www.forbes.com/sites/robertwood/2015/02/03/the-truth-about-lying-on-your-tax-return/ ^[1]

Tip 2 - Filing Fraudulent Income Tax Returns is a Federal Crime

Published: 9 years, 5 month(s) ago | Submitted by Luis Olivares | permalink

Tax fraud is a federal crime with serious consequences and a crime that rarely stays hidden. Between the IRS’s audit computers and the Whistleblower program, tax fraud is nearly impossible to hide. Filing a fraudulent return can result in fines up to $250,000 for an individual or $500,000 for a corporation and up to 3 years in jail along with the cost of prosecution. If the IRS is charging you with tax fraud, you must hire an attorney and be prepared for a long, difficult and humiliating process.
Tags: filing fraudulent income tax returns, crime, penalties

For further reading: http://law.freeadvice.com/tax_law/tax_enforcement/filing-fraudulent-income-tax-return-crime.htm ^[2]

Tip 3 - Penalties for Lying on Tax Returns

Published: 9 years, 5 month(s) ago | Submitted by Charles Govati | permalink

The IRS has some fancy legal jargon for lying on tax returns. You may be committing fraud or perjury according to Uncle Sam if you fib on your return. Penalties for bending the truth with the IRS can ...

For further reading: http://budgeting.thenest.com/penalties-lying-tax-returns-29254.html ^[3]

Tip 4 - Negligence Versus Tax Fraud: How the IRS Tells the Difference | Nolo.com

Published: 9 years, 5 month(s) ago | Submitted by Andres Lazo | permalink

The difference between cheating on your taxes and negligently filing them, and how the IRS distinguishes between the two.

For further reading: http://www.nolo.com/legal-encyclopedia/negligence-versus-tax-fraud-irs-difference-29962.html ^[4]

Tip 5 - Tax Perjury: Lying on Your Tax Returns | Criminal Law

Published: 9 years, 5 month(s) ago | Submitted by Mauro de Souza | permalink

Almost anyone who has ever signed a tax return—even the most forthcoming among us—has at least wondered what kinds of misrepresentations land taxpayers in hot water. Fudging tax documents is called “tax perjury”: It occurs when taxpayers intentionally

For further reading: http://www.criminaldefenselawyer.com/resources/tax-perjury-lying-your-tax-returns.htm ^[5]

Tip 6 - IRS Penalties for Lying on Your Taxes | eHow

Published: 9 years, 5 month(s) ago | Submitted by cashchutecom | permalink

More than 99 percent of individual federal tax returns safely pass through the Internal Revenue Service without any audit-triggering red flags, so taxpayers may be tempted to fiddle the numbers or cook the books -- never a good idea. However, given the complexity of U.S. tax laws, innocent mistakes may occur. When the error appears to be a...

For further reading: http://www.ehow.com/facts_4840485_irs-penalties-lying-taxes.html ^[6]

Tip 7 - The Top IRS Tax Audit Triggers: 9 Mistakes to Avoid - H&R Block | Block Talk - The H&R Block Official Corporate Blog

Published: 9 years, 5 month(s) ago | Submitted by matifrom Warsaw | permalink

The 9 most common IRS audit triggers. From claiming a home office to client dinners, H&R Block walks you through what's okay to claim -- and what's not.
Tags: h&r block,irs,tax tips,audits,h&r block,learnvest,tax,taxes,taxtip

For further reading: http://blogs.hrblock.com/2012/02/09/the-top-irs-audit-triggers-9-mistakes-to-avoid/ ^[7]

Tip 8 - Six Ways Your Tax Preparer Knows You're Lying

Published: 9 years, 5 month(s) ago | Submitted by Lucio Tinoco | permalink

An experienced tax preparer can usually sense when a customer is providing fraudulent information to them. Find out what sets off a tax preparer's lie detector.
Tags: tax,irs,deduction,credit,income tax,tax evasion,tax planning,tax policy,internal revenue service,wm-high net worth tax strategy

For further reading: http://www.investopedia.com/articles/personal-finance/032014/six-ways-your-tax-preparer-knows-youre-lying.asp ^[8]