← 5 Financial Lies That Could Land You in Hot Water

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By Sonja Mack | Published October 27, 2010 | Full size is 450 × 320 pixels

Lying to the IRS. Lying on your taxes is a felony that could result in jail time of up to three years. Individuals face fines of up to $250,000 and corporations face up to $500,000. In addition, you could be slapped with the costs related to your prosecution. Uncle Sam says don't do it. Trust us, he'll get you.

Lying to the IRS. Lying on your taxes is a felony that could…