Reply #4: You're risking up to a 500 dollar fine. [View All]

[MilesColtrane]

U.S. Code Title 13 Chapter 7 Subchapter II § 221

(b) Whoever, when answering questions described in subsection (a) of this section, and under the conditions or circumstances described in such subsection, willfully gives any answer that is false, shall be fined not more than $500.

You might think, how are they going to find out? But, the IRS knows what your income is.

You just have to weigh whether you think you can get away with it.