To lessen his tax liability, a client asks his accountant to misstate information on his tax return. If the accountant does so, she may be subject to fines and up to three years in prison.

Question

Quizplus · Accepted Answer

Misstating information on a tax return to lessen tax liability is considered tax fraud or evasion, and accountants involved in such actions can face legal penalties, including fines and imprisonment.

To Lessen His Tax Liability, a Client Asks His Accountant