Skip to Content

Are you prepared for Wrath of the Lich King? WoW Insider has you covered!

Top Tax Excuses: Providing tax information is self-incrimination

Filed under: Tax

This post was written as part of a series on tax excuses that don't work.

The Fifth Amendment of the U.S. Constitution gives people the right to not incriminate themselves in criminal matters. This means they don't have to testify in criminal trials of themselves. They don't have to tell on themselves in regard to crimes that they've committed or been accused of committing.

The filing of tax returns is something completely different, however. Yes, it's possible that a tax return could later be used in a criminal tax trial against you, but that possibility is very remote. Especially if you're honest when you file and pay your taxes. So the filing of tax returns is not equivalent to self-incrimination.

It is merely the reporting of income which will be taxed by the government. You're required to report your income on tax returns, and the U.S. Constitution doesn't exempt you from that.

Tracy L. Coenen, CPA, MBA, CFE performs fraud examinations and financial investigations for her company Sequence Inc. Forensic Accounting, and is the author of Essentials of Corporate Fraud.

WalletPop Highlights

Featured Galleries

Shades of Chrome
Venus Swimwear Styles
Time for a HOG?
Cash from your basement and backyard
Feed Your Family for Less
Vacation Destinations via Flickr photographers
Groceries: Where is your food budget seeing the biggest hit?
The best way to sell Girl Scout Cookies
Brand new items at thrift store prices
Budgeting for Baby: Seven things to prepare yourself for life as an at-home parent
Outlet Stores Going Upscale
Bargain Store Savvy: To Thrift or Not To Thrift?
Grocery prices going up, going up, going up...
Four Ways to Travel for Free--Really
Ten Most-Hated Money-Saving Tips
Things that you don't need to spend money on

 

What's your home worth? Find out now!

(format: Springfield, OH)
AOL Real Estate

Latest from BloggingStocks

Weblogs, Inc. Network