Millions of Americans Lie On Their Tax Forms, But is it Worth the Risk?

One-Hour Documentary Reported by CNBC’s Becky Quick Premieres on CNBC on Thursday, April 14th at 9PM ET/PT

ENGLEWOOD CLIFFS, N.J., April 11, 2011—It’s a $300 billion problem and millions of Americans contribute to it each year. Some innocently, some knowingly and some flat out criminally…

On Thursday, April 14th at 9PM ET/PT, CNBC’s “The American Tax Cheat” investigates how widespread tax evasion lands businessmen in prison, celebrities in hot water and citizens in fear and desperation. With 15% of Americans admitting they’ve cheated on their taxes, this, often faceless crime, doesn’t discriminate between social or economic class. Correspondent Becky Quick introduces viewers to a woman who nearly lost 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.

Quick reports on the law enforcement side of the IRS, CPAs with a gun and badge that investigate tax evasion with the same zeal that brought down Al Capone. CPAs hunt for income in overseas accounts, the secret vaults of criminals, checking accounts and even your personal Facebook page. This criminal divisions’ results are impressive, for every dollar spent on investigations, the IRS recovers $4.50. And, CNBC goes inside the IRS’s Forensic Lab in Chicago, IL, to see how Special Agents use CSI technology to uncover even the most hidden evidence of tax fraud.

So why do so many Americans still cheat on their taxes? CNBC speaks exclusively with the man called the biggest tax evader in U.S. history, Telecom entrepreneur Walter Anderson, from his current home…federal prison. Mr. Anderson was sentenced to nine years in prison after a five-year IRS investigation into his complex network of offshore companies. And, CNBC looks at the Anti-Tax Movement whose followers openly proclaim their right to not pay taxes, convincing even actor Wesley Snipes.

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CNBC’s “The American Tax Cheat” is produced exclusively for CNBC, First in Business Worldwide, by Kurtis Productions.

CNBC’s Becky Quick is co-anchor of CNBC’s signature morning program “Squawk Box” (M-F, 6AM-9AM ET).

Charles Schaeffer is the Executive Producer for CNBC. Kevin Kane is the Producer and Jamie Corsi is the Coordinating Producer for CNBC. Bill Kurtis and Donna LaPietra are the Executive Producers for Kurtis Productions. Tania Lindsay is the Supervising Producer, Jen Lipford is the Producer, Dan Delaney is the Associate Producer and Katie Bryan is the Project Manager for Kurtis Productions. Ray Borelli is the Senior Vice President of Strategic Research, Scheduling and Long Form Programming.

CNBC’s “The American Tax Cheat” will re-air on Thursday, April 14th at 10 PM ET/PT and Sunday, April 17th at 10pm ET.

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