Quote:
Originally Posted by Bob Kontak
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We all know there's some lying but what I don't know is the cut off where fraud becomes an issue. I think it's a percentage of AGI/gross income but it's been a while.
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I never have. But I used to work with folks who used their "side business" as a means to lie on their returns. I think by far the biggest area is folks working off the books, or simply not reporting income, sales, etc. Everytime someone gives me a "deal" for paying cash...I'm a bit suspicious...jmo.