It’s tax time again and, during a recession (or whatever it is we are still in at the moment) the temptation to leave out a little income or inflate a few deductions on your tax return is as strong as ever. But, those thinking of doing so should heed the warning in this CNN/Money report about how the IRS encourages snitches.
If you knew coworkers, former bosses or exes who cheated on their taxes, would you turn them in? The Internal Revenue Service can make it worth your while.
As tax season nears, we all want to get as much money back from the IRS as possible. And while taking advantage of this year’s new tax breaks will put some extra money in your pocket, snitching on a tax cheat could make you rich.
In a recent poll from the IRS Oversight Board, 13% of those surveyed think cheating is acceptable, up from 9% in 2008. As the recession puts the squeeze on household finances, the lure of fudging on a tax return is even greater.
“In a down economy, the temptation to cheat on taxes is much stronger because people are in more desperate situations more often,” said Bill Raabe, a tax expert at Ohio State University’s business school.
More people may be just as desperate to turn in a business, rat out an ex–spouse or report a colleague to collect a reward.
For those who have fudged their taxes, it’s probably not a good idea to talk about it.
At 18m sq ft, City Center is a city-within-a-city on the Las Vegas Strip, featuring, when fully complete, four hotels with 6,300 rooms, a giant casino, 2,400 homes, 42 restaurants and bars, four spas and a 500,000 sq ft shopping centre. 
In this report, the second of three estimates for the fourth quarter, inventories accounted for almost four percentage points of the overall growth rate – nearly two-thirds of the total.
Recall that the Present Situations Index fell to its lowest level since 1983 and the Expectations Index dropped more than 13 points to 63.8, far short of the levels typically associated with economic recoveries. Looking at the chart, you’d think that the Jobs are Plentiful Index must also be at or near record lows – it registered only 3.6.
![[Most Recent USD from www.kitco.com]](http://www.weblinks247.com/indexes/idx24_usd_en_2.gif)
Recent Comments