re: To deduct or not to deduct, that is the question.

quote:

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amending returns isnt fraud

falsifying information or documents is fraud

DISTINCT difference

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filing a return you know isn't correct and knowing you'll later amend is pretty much falsifying documents

The bank is trying to get a picture of the health of the business. If he uses his cell phone for the business but doesn't show the expense or drives his truck everyday for business purposes but doesn't show that expense either then they don't have all information necessary to get that picture.