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Is there a chance I could go to jail? [Audits]
Requested and Answered by on 13-Jan-2005 10:17 (277 reads)
Is there a chance I could go to jail?
The IRS may pursue criminal prosecution in cases of extreme fraud. Fraud would include supplying the examiner with fraudulent documentation to "substantiate" a deduction.

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The client calls the accountant and says: "I got a letter from the IRS and I don't understand it.

The accountant says: "No problem. Read it to me."

The client says: "Wait a minute, I have to open it first."