Why would the IRS like to be your Facebook friend

If the fear of an audit was not enough to scare you for being honest about your taxes, try this in size: the IRS can check on their Facebook page. The good ol ' ' Internal Revenue Service reportedly uses robots to examine social media accounts to catch potential fraudsters. This means that the Government may be challenged if the "business trip" which brought to Hawaii was legitimate based on photos from your snorkel Instagram account or where have all the benjamins on YouTube video.

Tax evasion is a major problem in the United States and accounts for an estimated $300 billion in public funds lost each year. Like it or not, the IRS is technically free to use any public posts in social networks during the procedure of auditing and profile any liars. Which means that you do not want to show off on Twitter about how much money your business is if you're really going to go. Similarly, if you dodge their taxes (not recommended), you should consider revising your account privacy settings and make sure that keep any evidence incriminating to you yourself.

Image credit: Stockmonkeys

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Source: market

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