Two distinct types of income tax fraud are prevalent. These are personal income tax fraud and business income tax fraud. With personal income tax fraud, an individual may not report all of the income he or she received, or may use inflated figures when taking deductions on their personal tax forms. It is easy for a business owner to commit income tax fraud. He or she may make false claims to get refunds, open and close businesses in order to avoid taxes, and have fraudulent accounting, which... Read More |