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LSDefine

Simple English definitions for legal terms

tax fraud

Read a random definition: de procedendo ad judicium

A quick definition of tax fraud:

Term: Tax Fraud

Definition: Tax fraud is when someone tries to cheat on their taxes by lying on their tax return or other tax documents. This can include things like saying they have less money than they really do, claiming deductions they aren't entitled to, or not reporting all of their income. The important thing is that the person did it on purpose, not by accident. Tax fraud is against the law and can result in serious consequences.

A more thorough explanation:

Tax fraud

Tax fraud is when a person or business intentionally falsifies information on their tax return or other tax documents to reduce the amount of taxes they owe. This can include lying about the value of assets, claiming false deductions or credits, or not reporting all of their income. It is important to note that tax fraud must be proven as an intentional act, and does not include honest mistakes made when filing taxes.

Example 1: John owns a small business and decides to underreport his income on his tax return to pay less in taxes. This is an example of tax fraud because John intentionally falsified information on his tax return to reduce his tax liability.

Example 2: Sarah accidentally forgets to report some income on her tax return. This is not an example of tax fraud because it was an honest mistake and not an intentional act to reduce her tax liability.

The examples illustrate tax fraud by showing the difference between intentional and unintentional acts. In example 1, John intentionally falsified information to reduce his taxes, while in example 2, Sarah made an honest mistake. It is important to understand the difference between intentional and unintentional acts when it comes to tax fraud.

tax examiner | tax liability

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Dkk
16:08
Lol, the Cornell waitlist wave. Get fucked.
Dkk
16:08
That fucking sucks.
snow
16:08
lowkey im going to be optimistic. i just saw that some people applied early sept. and got II for schools in January
@JumpySubsequentDolphin: I've been tempted to put them in spam
snow
16:08
lmaooo dk
dk praying on all our downfall
Dkk
16:09
I hope you guys tell me to eat a dick when I get my R's and WL's.
praying for your success inshallah
Dkk
16:10
I want it to be brutal.
Dkk
16:10
Noooooo
JumpySubsequentDolphin
16:10
@texaslawhopefully: THEY SEND THEM TO YOU EVEN AFTER YOU GOT ACCEPTED???
I've been getting them literally every other day for months now
JumpySubsequentDolphin
16:11
that’s absurd
16:18
does having a masters degree help with getting into law school
16:19
i rly want to get into northwestern or uchicago but im worried about my stats
LSDFan
16:20
you'll get in, calm tf down
16:20
damn
16:21
bro was just asking a question
U have great stats! I wouldn't be too nervous. Did u write why Northwestern and why Chicago?
oh cornells going wl crazy
16:22
having a masters degree is probably a positive, it shows you can do grad level coursework and probably generated a strong rec letter
@RightPlant: you have a great chance at Northwestern!
Chicago, also not a bad chance, but it is more of a crapshoot
Esp since they care more about GPA than LSAT
Would gulc be later tn? I submitted mine mid Oct so don’t think they will get back to me yet
Anyone think au will get back to us tomo?
16:26
I have no clue, I would think it would be later tn based on past waves
radio silence from cornell hey no news is good news ....
gulc was friday last week but i think it was cause of holiday
16:29
genuinely if its not today I WILL crashout.
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