Taxes: How to Cheat Like a Pro |
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Forbes Magazine by: Janet Novack and Ashlea Ebeling,
If it's not reported on a W-2 or 1099, who's to know? Not the IRS, taxpayers figure. But watch out. You can still get caught.
Before bowing out as nominee for health czar, Thomas A. Daschle explained as best he could how he managed to overlook $340,000 of income on his 2005 through 2007 tax returns. His reason: The income (some cash and a lot of chauffeuring) didn't show up on his 1099s. These are the forms self-employed people such as influence peddlers receive instead of W-2 wage statements.
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