Fraudulent Tax Deductions: Can I Go To Jail?

When auditors discover fraudulent tax deductions, they asses hefty fines — and in the most egregious cases pursue criminal charges. Fraudulent Tax Deductions: Overstatements Sometimes called “padding,” typical overstating deductions tactics include claiming charitable donations, deductions for dependents, and business losses that don’t qualify per IRS guidelines. The IRS can also charge parties who overstate […]