Would you lie about your income to get accepted for a business loan? Does the IRS look at it? Does the bank care as long as they get their money back?
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Does the word fraud mean anything to you? -
no? why would you? it would be a STUPID thing to do. IRS will be knocking on your door soon if you claim you earn double but only pay taxes on half of it
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I don't see the point. They'll want to see your tax returns to prove that you can pay back the loan.Vacares - Web Hosting, Domains, O365, Security & More - Paxum and BTC Accepted
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That called loan fraud. Banks are FDIC insured so its considered a federal level crime that the FBI investigates and a US Attorney will prosecute.
Lots of people lie obviously and most never get caught, but if you do you're looking at about 5 to 15 years behind bards depending on the amount involved.
There was just an idiot down here in the news that got 6 years for inflating his income on several mortgage applications.
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you will get in big trouble ... don't do thatOriginally posted by rayadp05Comment
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