Tax Cheat

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Dictionary Says

Definition of 'Tax Cheat'

An individual (or group) who, through fraud, dishonesty or avoidance, does not pay the amount of tax that would be obligated if tax rules were properly followed. A tax cheat may improperly use tax shelters or purposefully miscategorize earnings and expenses under the pretense that the government will not miss the lost revenue because of the obligation's size relative to all taxes collected. Those found to be cheating on their taxes may be subject to fines, penalties or imprisonment.
Investopedia Says

Investopedia explains 'Tax Cheat'

The Internal Revenue Service (IRS) allows taxpayers to report individuals and organizations that they suspect are tax cheats. As an incentive, it provides a potential reward if it is found that those being reported did, in fact, underpay taxes.

Search results for

'Tax Cheat'

  • How To Report A Tax Cheat

    http://www.investopedia.com/articles/taxes/09/reporting-tax-cheats.asp
    How To Report A Tax Cheat. December 12 2010 ... idea. The IRS doesn't want you
    to break the law to help find a tax cheat. However, if ...

  • Taking A Look At Tax Havens

    http://www.investopedia.com/articles/tax/09/tax-havens.asp
    ... for tax investigations. (For more, read Reporting A Tax Cheat.) Conclusion
    The existence of tax havens has many effects. At one ...

  • Why People Don't Lie On Their Tax Returns - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/0411/Why-People-Dont-Lie-On-Their-Tax-Returns.aspx
    ... Most people believe in being honest when filing their tax returns, if we are to
    believe ... How much, if any, do you think is an acceptable amount to cheat on your ...

  • Water Cooler Finance: GM's Dramatic Return - Investopedia.com

    http://financialedge.investopedia.com/financial-edge/1110/Water-Cooler-Finance-GMs-Dramatic-Return.aspx
    ... to 2006. (If you report a tax evader to the IRS, you could be eligible for
    a reward. Check out Reporting A Tax Cheat.). IN PICTURES ...

  • 5 Lessons From The World's Biggest Bankruptcies

    http://www.investopedia.com/articles/economics/09/lessons-worlds-biggest-bankruptcies.asp
    ... (Sometimes reporting someone evading taxes can be beneficial to you, learn more
    in our article Reporting A Tax Cheat.) Lesson 4 – Update your product/service ...

  • Standards And Ethics For Financial Professionals

    http://www.investopedia.com/articles/financialcareers/09/professional-standards-ethics.asp
    ... (To learn more, see How To Report A Tax Cheat.) Professionals can also encourage
    employers to create a workplace that puts less contradictory pressure on ...

  • 5 Last-Minute Ways To Maximize Your Tax Deductions - Investopedia. ...

    http://financialedge.investopedia.com/financial-edge/1211/5-Last-Minute-Ways-To-Maximize-Your-Tax-Deductions.aspx
    ... of deductions. Don't cheat yourself out of deductions that you deserve
    because you didn't prepare for the tax season. (For more ...

  • 10 Tax Benefits For The Self-Employed

    http://www.investopedia.com/articles/tax/09/self-employed-tax-deductions.asp
    ... include tickets to a sporting event, the cost of a meal (with beverages, tax and
    tip ... This area is audit-prone because many people try to cheat the system here. ...

  • When Warranties Aren't Worth It Slideshow | Investopedia

    http://www.investopedia.com/slide-show/warranties/cheat-or-sale.aspx
    ... However, retailers don't cheat you, they just sell you, said Jan Rogers Kniffen,
    CEO of J Rogers Kniffen WWE, LLC, a consulting ... Top 10 Home Business Tax Tips. ...

  • How can unethical executives use options backdating to evade taxes ...

    http://www.investopedia.com/ask/answers/07/optionsbackdatingtaxes.asp
    ... that some executives also may have used a different method of backdating options
    to "cheat" the IRS. ... Currently, this capital gains tax rate can be as high as 35 ...

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