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1808: Tax Fraud - Are You Unintentionally Committing it by Vicki Cook and Amy Blacklock of Women Who Money

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Manage episode 505834647 series 2394894
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Dan W.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Dan W. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 1808:

Vicki Cook and Amy Blacklock clarify how the IRS distinguishes between willful tax fraud and unintentional negligence, emphasizing that intent is the deciding factor. They outline the serious consequences of fraud compared to the penalties for honest mistakes, helping readers better understand how to avoid costly missteps when filing taxes.

Read along with the original article(s) here: https://womenwhomoney.com/willful-tax-fraud-unintentional-negligence/

Quotes to ponder:

"Fraud requires an intentional act."

"The difference between willful tax fraud and unintentional negligence comes down to intent."

"Negligence may lead to penalties and interest, but fraud can result in criminal charges."

Episode references:

Internal Revenue Service - Taxpayer Rights: https://www.irs.gov/taxpayer-bill-of-rights

IRS - Accuracy-Related Penalty: https://www.irs.gov/taxtopics/tc306

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

2309 episodes

Artwork
iconShare
 
Manage episode 505834647 series 2394894
Content provided by Optimal Living Daily LLC and Optimal Living Daily | Dan W.. All podcast content including episodes, graphics, and podcast descriptions are uploaded and provided directly by Optimal Living Daily LLC and Optimal Living Daily | Dan W. or their podcast platform partner. If you believe someone is using your copyrighted work without your permission, you can follow the process outlined here https://podcastplayer.com/legal.

Discover all of the podcasts in our network, search for specific episodes, get the Optimal Living Daily workbook, and learn more at: OLDPodcast.com.

Episode 1808:

Vicki Cook and Amy Blacklock clarify how the IRS distinguishes between willful tax fraud and unintentional negligence, emphasizing that intent is the deciding factor. They outline the serious consequences of fraud compared to the penalties for honest mistakes, helping readers better understand how to avoid costly missteps when filing taxes.

Read along with the original article(s) here: https://womenwhomoney.com/willful-tax-fraud-unintentional-negligence/

Quotes to ponder:

"Fraud requires an intentional act."

"The difference between willful tax fraud and unintentional negligence comes down to intent."

"Negligence may lead to penalties and interest, but fraud can result in criminal charges."

Episode references:

Internal Revenue Service - Taxpayer Rights: https://www.irs.gov/taxpayer-bill-of-rights

IRS - Accuracy-Related Penalty: https://www.irs.gov/taxtopics/tc306

Learn more about your ad choices. Visit megaphone.fm/adchoices

  continue reading

2309 episodes

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