Investments glossary

Under Reporting

Under reporting is a term describing the crime of intentionally reporting less income or revenue than was actually received. Companies and individuals chiefly under report their incomes in an effort to avoid or reduce their respective tax liabilities. Under reporting is not a victimless crime. In fact, the billions of dollars of tax loss revenue caused by under reporting reduces the funds with which the federal government relies on to finance Social Security, Medicare, and a host of other programs.

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