DEFINITION of Tax Fraud
Tax fraud occurs when an individual or business entity willfully and intentionally falsifies information on a tax return in order to limit the amount of tax liability. Tax fraud essentially entails cheating on a tax return in an attempt to avoid paying the entire tax obligation. Examples of tax fraud include claiming false deductions; claiming personal expenses as business expenses; using a false Social Security number; and not reporting income.
Mississippi Accountant Sentenced to Five Years in Prison for Tax Fraud | OPA | Department of Justice
Mississippi Accountant Sentenced to Five Years in Prison for Tax Fraud | OPA | Department of Justice — Read on www.justice.gov/opa/pr/mississippi-accountant-sentenced-five-years-prison-tax-fraud Advertisements