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<p>[QUOTE=&quot;Nyatii, post: 2740779, member: 85686&quot;]That&#039;s why I made the other posts. If you stick by them, you will be doing no wrong.</p><p><br /></p><p>With that said, my comment on the fraud should not be construed to mean that you can get away with fraud. It just means that the IRS has certain thresholds with which they will/will not pursue it. In areas like New York City, they have so much going on, they can&#039;t afford to process small cases. Say a million or so. Too many bigger cases to go after. In some place like Colby KS, a $100K case might be worth it, but it costs so much to do it, they may or may not pursue. However, if they decide they want to make an example of you, the cost/benefit may go out the door.</p><p><br /></p><p>The mechanics of not reporting income/penalty thing works like this:</p><p>You don&#039;t report income.</p><p>If the agency/person that gave you the money reports it to the IRS, and your income doesn&#039;t match what you put on your return, they will send a letter stating that they don&#039;t match, and give you a chance to verify/change.</p><p>If you don&#039;t do that, they will audit the return. Either thru exam (without you present) at a service center, or have you go to a local office for the audit.</p><p>If it is found that you owe, you will have a chance to pay tax/penalty/interest.</p><p>If you don&#039;t pay, they will send several CP (Collection Process) notices demanding payment.</p><p>If you still don&#039;t pay, they will send a final demand for payment and levy you.</p><p>At any point depending on how much you owe, they may or may not file NFTL (Notice of Fed Tax Lien).</p><p>Depending on how much is due, they may kick you out to a Revenue Officer who will go thru the notice, final demand, levy, then seizure process. And can summons bank records, people, etc.</p><p>If during all of this it is determined that you are actively evading taxes, and it is enough to be grievous, they will pass it to CI (Criminal Investigation). The Revenue Officer will work with CI to build a case. If it is determined to be true and worth pursuing, it will go to court.[/QUOTE]</p><p><br /></p>

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