Is it tax fraud for an individual to declare non-taxable revenue as taxable income? (US tax laws)
Hypothetically, A wants to pay B a considerable amount of money.
In order to reduce the paper trail, A pays me the money and I transfer it to B.
To further obscure the paper trail, I declare the payment from A as income for work (non-existent) done by me for A, enter it on my US Income Tax return as taxable income, and pay the resulting tax.
I have submitted a false tax return, but it leads to an increase in tax paid. Is it still a crime?
united-states fraud federal-tax-law
asked 4 hours ago
DJohnMDJohnM
370212
add a comment |
Hypothetically, A wants to pay B a considerable amount of money.
In order to reduce the paper trail, A pays me the money and I transfer it to B.
To further obscure the paper trail, I declare the payment from A as income for work (non-existent) done by me for A, enter it on my US Income Tax return as taxable income, and pay the resulting tax.
I have submitted a false tax return, but it leads to an increase in tax paid. Is it still a crime?
united-states fraud federal-tax-law
asked 4 hours ago
DJohnMDJohnM
370212
Money laundering is a different crime than tax fraud, but still a crime.
– SJuan76
4 hours ago
add a comment |
Hypothetically, A wants to pay B a considerable amount of money.
In order to reduce the paper trail, A pays me the money and I transfer it to B.
To further obscure the paper trail, I declare the payment from A as income for work (non-existent) done by me for A, enter it on my US Income Tax return as taxable income, and pay the resulting tax.
I have submitted a false tax return, but it leads to an increase in tax paid. Is it still a crime?
united-states fraud federal-tax-law
asked 4 hours ago
DJohnMDJohnM
370212
Hypothetically, A wants to pay B a considerable amount of money.
In order to reduce the paper trail, A pays me the money and I transfer it to B.
To further obscure the paper trail, I declare the payment from A as income for work (non-existent) done by me for A, enter it on my US Income Tax return as taxable income, and pay the resulting tax.
I have submitted a false tax return, but it leads to an increase in tax paid. Is it still a crime?
united-states fraud federal-tax-law
united-states fraud federal-tax-law
asked 4 hours ago
DJohnMDJohnM
370212
asked 4 hours ago
DJohnMDJohnM
370212
asked 4 hours ago
DJohnMDJohnM
370212
asked 4 hours ago
DJohnMDJohnM
370212
asked 4 hours ago
DJohnMDJohnM
370212
370212
Money laundering is a different crime than tax fraud, but still a crime.
– SJuan76
4 hours ago
add a comment |
Money laundering is a different crime than tax fraud, but still a crime.
– SJuan76
4 hours ago
Money laundering is a different crime than tax fraud, but still a crime.
– SJuan76
4 hours ago
Money laundering is a different crime than tax fraud, but still a crime.
– SJuan76
4 hours ago
add a comment |
1 Answer
1
active
oldest
votes
The primary crime that you have described is called money laundering.
There are also multiple tax related crimes that could be implicated, not all of which require that taxes due by the person charged by reduced. See, e.g., Conspiracy to Defraud the United States (18 U.S.C. § 371); Attempts To Interfere With Administration of Internal Revenue Laws (I.R.C. § 7212); Fraudulent Returns, Statements or Other Documents (I.R.C. § 7207); Identity Theft (18 U.S.C. § 1028(a)(7)), etc.
answered 4 hours ago
ohwillekeohwilleke
52k259131
add a comment |
Your Answer
StackExchange.ready(function() {
var channelOptions = {
tags: "".split(" "),
id: "617"
};
initTagRenderer("".split(" "), "".split(" "), channelOptions);
StackExchange.using("externalEditor", function() {
// Have to fire editor after snippets, if snippets enabled
if (StackExchange.settings.snippets.snippetsEnabled) {
StackExchange.using("snippets", function() {
createEditor();
});
}
else {
createEditor();
}
});
function createEditor() {
StackExchange.prepareEditor({
heartbeatType: 'answer',
autoActivateHeartbeat: false,
convertImagesToLinks: false,
noModals: true,
showLowRepImageUploadWarning: true,
reputationToPostImages: null,
bindNavPrevention: true,
postfix: "",
imageUploader: {
brandingHtml: "Powered by u003ca class="icon-imgur-white" href="https://imgur.com/"u003eu003c/au003e",
contentPolicyHtml: "User contributions licensed under u003ca href="https://creativecommons.org/licenses/by-sa/3.0/"u003ecc by-sa 3.0 with attribution requiredu003c/au003e u003ca href="https://stackoverflow.com/legal/content-policy"u003e(content policy)u003c/au003e",
allowUrls: true
},
noCode: true, onDemand: true,
discardSelector: ".discard-answer"
,immediatelyShowMarkdownHelp:true
});
}
});
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2flaw.stackexchange.com%2fquestions%2f38852%2fis-it-tax-fraud-for-an-individual-to-declare-non-taxable-revenue-as-taxable-inco%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
1 Answer
1
active
oldest
votes
1 Answer
1
active
oldest
votes
active
oldest
votes
active
oldest
votes
The primary crime that you have described is called money laundering.
There are also multiple tax related crimes that could be implicated, not all of which require that taxes due by the person charged by reduced. See, e.g., Conspiracy to Defraud the United States (18 U.S.C. § 371); Attempts To Interfere With Administration of Internal Revenue Laws (I.R.C. § 7212); Fraudulent Returns, Statements or Other Documents (I.R.C. § 7207); Identity Theft (18 U.S.C. § 1028(a)(7)), etc.
answered 4 hours ago
ohwillekeohwilleke
52k259131
add a comment |
The primary crime that you have described is called money laundering.
There are also multiple tax related crimes that could be implicated, not all of which require that taxes due by the person charged by reduced. See, e.g., Conspiracy to Defraud the United States (18 U.S.C. § 371); Attempts To Interfere With Administration of Internal Revenue Laws (I.R.C. § 7212); Fraudulent Returns, Statements or Other Documents (I.R.C. § 7207); Identity Theft (18 U.S.C. § 1028(a)(7)), etc.
answered 4 hours ago
ohwillekeohwilleke
52k259131
add a comment |
The primary crime that you have described is called money laundering.
There are also multiple tax related crimes that could be implicated, not all of which require that taxes due by the person charged by reduced. See, e.g., Conspiracy to Defraud the United States (18 U.S.C. § 371); Attempts To Interfere With Administration of Internal Revenue Laws (I.R.C. § 7212); Fraudulent Returns, Statements or Other Documents (I.R.C. § 7207); Identity Theft (18 U.S.C. § 1028(a)(7)), etc.
answered 4 hours ago
ohwillekeohwilleke
52k259131
The primary crime that you have described is called money laundering.
There are also multiple tax related crimes that could be implicated, not all of which require that taxes due by the person charged by reduced. See, e.g., Conspiracy to Defraud the United States (18 U.S.C. § 371); Attempts To Interfere With Administration of Internal Revenue Laws (I.R.C. § 7212); Fraudulent Returns, Statements or Other Documents (I.R.C. § 7207); Identity Theft (18 U.S.C. § 1028(a)(7)), etc.
answered 4 hours ago
ohwillekeohwilleke
52k259131
answered 4 hours ago
ohwillekeohwilleke
52k259131
answered 4 hours ago
ohwillekeohwilleke
52k259131
answered 4 hours ago
ohwillekeohwilleke
52k259131
52k259131
add a comment |
add a comment |
Thanks for contributing an answer to Law Stack Exchange!
- Please be sure to answer the question. Provide details and share your research!
But avoid …
- Asking for help, clarification, or responding to other answers.
- Making statements based on opinion; back them up with references or personal experience.
To learn more, see our tips on writing great answers.
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
StackExchange.ready(
function () {
StackExchange.openid.initPostLogin('.new-post-login', 'https%3a%2f%2flaw.stackexchange.com%2fquestions%2f38852%2fis-it-tax-fraud-for-an-individual-to-declare-non-taxable-revenue-as-taxable-inco%23new-answer', 'question_page');
}
);
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Sign up or log in
StackExchange.ready(function () {
StackExchange.helpers.onClickDraftSave('#login-link');
});
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Sign up using Google
Sign up using Facebook
Sign up using Email and Password
Post as a guest
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Required, but never shown
Money laundering is a different crime than tax fraud, but still a crime.
– SJuan76
4 hours ago