Tax Fraud: Underreporting, Non Disclosure of Income
It’s hard to say whether deliberate underreporting of income is tax evasion or cheating. A government study revealed that self-employed restaurateurs, clothing store owners, car dealers, telemarketers, salespeople, and doctors were the most likely to underreport income. Only 6.8% of deductions were overstated, however. So, who is responsible for underreporting income? And how can people…
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