tax fraud
Cheating the government
Tax fraud is the deliberate evasion of taxes through illegal means—falsifying records, hiding income, claiming fictitious deductions, or failing to file returns.
It differs from tax avoidance, which uses legal methods to minimize tax burden.
He was convicted of tax fraud after hiding millions in offshore accounts.
Formal accounts examination
- IRSFederal tax collector
- forensic accountingExamining records for fraud
- examinationMethodical assessment or review
- scrutinyClose, careful examination
discrepancies · records · receipts · verification · subpoena · whistleblower · informant · paper trail
Serious criminal offense
- indictmentFormal charge from jury
- prosecutionPursuing legal charges
- convictionFirmly held belief
- sentencingImposing legal punishment
incarceration · conspiracy · perjury · obstruction · plea deal · restitution · penalties · fines
Away from land
- shell companyInactive firm for transactions
- Cayman IslandsCaribbean British overseas territory
- SwitzerlandAlpine republic, perpetually neutral
- Panama PapersExposed secret shell companies
layering · structuring · underreporting · unreported income · concealment · double books · nominee · straw man
Office work designation
- evaderOne who gets away
- cheatAct dishonestly to win
- scofflawHabitual legal violator
- enablerOne who facilitates harmful behavior
co-conspirator · accomplice · mastermind · promoter · Al Capone · Wesley Snipes
Deliberate alteration of truth
- misrepresentationFalse or misleading statement
- fabricationDeliberately untrue statement
- forgeryCreating fraudulent imitations
- fake invoicesFraudulent billing documents
inflated expenses · cooked books · deceit · willful blindness · fictitious · counterfeit
audit
Formal accounts examination
- IRSFederal tax collector
- forensic accountingExamining records for fraud
- examinationMethodical assessment or review
scrutiny · discrepancies · records · receipts · verification · subpoena · whistleblower · informant · paper trail · money trail
felony
Serious criminal offense
- indictmentFormal charge from jury
- prosecutionPursuing legal charges
- convictionFirmly held belief
sentencing · incarceration · conspiracy · perjury · obstruction · plea deal · restitution · penalties · fines · RICO
offshore
Away from land
- shell companyInactive firm for transactions
- Cayman IslandsCaribbean British overseas territory
- SwitzerlandAlpine republic, perpetually neutral
Panama Papers · layering · structuring · underreporting · unreported income · concealment · double books · nominee · straw man · slush fund
white-collar
Office work designation
enabler · co-conspirator · accomplice · mastermind · promoter · Al Capone · Wesley Snipes
falsification
Deliberate alteration of truth
- misrepresentationFalse or misleading statement
- fabricationDeliberately untrue statement
- forgeryCreating fraudulent imitations
fake invoices · inflated expenses · cooked books · deceit · willful blindness · fictitious · counterfeit
- federal crimesbank robbery, kidnapping, counterfeiting, racketeering, drug trafficking
- financial crimesmoney laundering, Ponzi scheme, insider trading, investment scams, ponzi scheme
- financial frauddefalcation, embezzler, peculation, embezzlement, misappropriation
- tax crimesundeclared income, unreported income, hidden income, fiscal evasion, underreporting
- tax issuesback taxes, IRS notice, late filing, underpayment, wage garnishment
- fraud investigationforensic accounting, forensic audit, embezzler, evidence collection, evidence gathering
tax fraudtax compliance
Following taxation laws
full disclosure · tax avoidance · civic duty · tax sheltering · legal loopholes
tax fraudfinancial transparency
Open disclosure of monetary dealings
tax, fraud, taxing, defraud, taxation, taxpayer, fraudster, fraudulent, frauds