Backdating legal documents in tax reporting is widespread among tax practitioners who often regard it as an insignificant ‘white lie.’ Whether intended or not, however, backdating can pose serious legal consequences as IRS may suspect fraudulent activity. To avoid being entangled in unnecessary tax fraud accusations, Jasper Cummings suggests to follow a few simple rules.

See Jasper L. Cummings, Jr., “Backdating Documents: Wrong or Just Dumb?” 2014 Tax Notes Today 204-9 (August 25, 2014).

Posted by Jin Keol Park, Associate Editor, Wealth Strategies Journal