The Motley Fool Discussion Boards

Previous Page

Financial Planning / Tax Strategies

URL:  http://boards.fool.com/what-you-propose-is-a-too-common-tactic-of-tax-29388222.aspx

Subject:  Re: Inflating earned income for more FICA credit Date:  6/30/2011  3:02 AM
Author:  foo1bar Number:  113614 of 121219

What you propose is a too common tactic of tax cheats trying to maximize the earned income credit, and the IRS is well aware of it.
Is it just me that thinks this it's a bizarre thing for the IRS to get less money as you earn more?

I have to wonder how they could really prove that someone over-reported their income... It's not like you can easily prove that someone didn't take in an extra $3K in cash.
Copyright 1996-2014 trademark and the "Fool" logo is a trademark of The Motley Fool, Inc. Contact Us