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The American Tax Cheat

About the Show

The American Tax Cheat
Millions of Americans knowingly lie on their tax forms and the government loses out on roughly $300 billion a year in unpaid taxes. But the IRS has ways of making you pay. Is it worth the risk? CNBC's Becky Quick reports. Original air date, April 14, 2011.

Millions of Americans knowingly lie on their tax forms. The government loses out on roughly $300 billion a year in unpaid taxes. But the IRS has ways of making you pay. Is it worth the risk?

Hundreds of billions of dollars escape IRS collections every year. So who is the American tax cheat secretly keeping their cash while the rest of us have to pony up? Why do so many people believe that cheating on your taxes is morally ok?

CNBC's Becky Quick investigates how this widespread tax evasion lands businessmen in prison, celebrities in hot water, and citizens in fear and desperation. You'll meet a woman who lost nearly everything after falling for a bogus tax scheme, a former millionaire who's now in prison and those who hate the IRS so much they've resorted to violence.

We'll go inside the IRS's Forensic lab in Chicago to see how Special Agents use CSI technology to uncover even the most hidden evidence of tax fraud. From celebrities to the working class, no one is immune from an IRS investigator. Whether you think cheating is right or wrong, with hundreds of billions at stake, the IRS has a job to do.

Web Extras

  • World's Highest Tax Rates Monday, 11 Apr 2011 | 1:24 PM ET
    The Organization for Economic Cooperation and Development has been compiling data on government taxes among OECD countries since 1965. The group's annual report looks at internationally comparative data based on public revenue from *tax contributions as a percentage of gross domestic product for each country, then ranks them based on the highest and lowest overall tax rates.Here, we take a look at the OECD's 2010 report details. Click ahead to see the world's highest tax rates as a percentage of

    Take a look at the The Organization for Economic Cooperation and Development’s 2010 report details and see the world's highest tax rates as a percentage of GDP.

  • Top Tax Filing Errors Friday, 8 Apr 2011 | 9:42 AM ET
    It's inevitable that people make mistakes. We're only human, after all. But if you make a mistake on your annual tax return, it can you time and money. The Internal Revenue Service's processing of your return is slowed down significantly by errors, meaning any refund you might be due will be delayed. To keep that from happening, the IRS recommends double and even triple checking your return — or make it even easier by filing electronically.Click ahead to find out which filing mistakes are the mo

    It's inevitable that people make mistakes. We're only human, after all. But if you make a mistake on your annual tax return, it can you time and money. Here's how to avoid the most common, costly mistakes.

  • The American Tax Cheat     Tuesday, 12 Apr 2011 | 12:00 AM ET

    Millions of Americans knowingly lie on their tax forms. The government loses out on roughly $300 billion a year in unpaid taxes. But the IRS has ways if making you pay. Is it worth the risk? CNBC's Becky Quick has a preview of "The American Tax Cheat."

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    Check the U.S. schedule for upcoming show times.

 

  • Becky Quick is co-anchor of "Squawk Box," CNBC's signature morning program. She's also a columnist for Fortune.

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