Income Tax Filing Tips Beware Of Tax Fraud - article about Income Tax Filing Tips Beware Of Tax Fraud

Income tax filing tips—beware of tax fraud

Few honest taxpayers understand the difference between an allegation of tax fraud and an audit adjustment. The majority of IRS audits are routine examinations brought about by mathematical or clerical errors in your income tax return. If you receive a notice from the IRS requesting you to schedule an audit of your return, don’t panic. Unless you have consciously gone about your income tax filing with the intent to defraud the government, you can relax.

To determine fraud, the IRS must show that your income tax filing involved a deliberate intent to evade a tax liability. Intent to commit fraud includes:

* Falsifying information on your income tax return.

* Altering or back dating information to reduce your tax liability.

* Reporting less income than you actually made. (The IRS has sophisticated mechanisms for tracing revenue in the United States and around the world. If you have taxable income in a foreign bank, the IRS will detect it if you fail to report it on your return.)

* You were required to file a tax return but didn’t.

If you forgot to attach documents required to claim deductions, you will simply need to provide any supporting information required by the IRS. Never ignore a notice from the IRS, respond immediately, and the audit will go smoothly. And if you think you’re a victim of an income tax filing scam, contact the IRS at once.

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