Federal Tax, Tax

The Difference Between A Fraudulent and Inaccurate Tax Return

What’s the difference between a fraudulent tax return and one that’s “potentially abusive”? The IRS states that the latter is a return that a taxpayer is required to file, which isn’t fraudulent but may contain inaccuracies that could lead to understated income or overstated credits. A fraudulent return is one in which a person attempts to file using someone else’s Social Security number, or one with information that has no basis in fact. Participating in an illegal scheme to evade taxes can result in fines, imprisonment and payment of the taxes owed. Both types of questionable returns can be referred to the IRS for review in its e-file program. Here’s more: https://bit.ly/3So8OQYContact us with questions. © 2025