Fake Pay Stubs And The Penalty That Needs To Be Paid
Since the foundation of the Internal Revenue Service, millions of individuals have been doing many illegal activities including giving pay under the table as well as not paying taxes. Although this is illegitimate, people tend to fight hard to make it look like they are doing the legitimate thing as there are a lot of methods for them to do this and in return, trillions of dollars in one year are being earned through this.
Nevertheless, people who are making much should avoid fake pay stubs at all cost since the penalty for it is very high, and you can learn a lot from this article if you read more here. This article will be able to show you some of the reasons why more individuals try to use fake pay stubs and how they get away with it.
Why are people still into making fake pay stubs?
People often make fake pay stubs when they are financially incapacitated and needs to get a loan. Before granting loans, lenders have requirements so that they can hold on to something to get their money back. There are many requirements that you have to produce before you can be granted a loan and on eof these include the pay stub which you need to provide to the lender so that he will have an assurance of how much you are making in one month. Be sure to read more here!
In case the borrower is unemployed, they might make a fake pay stub just to have the loan approved so that they can get the money that they need so badly. People who need money badly will not care how they are going to acquire it regardless if they are able to provide the proper documentation of their earnings or not, there is a big possibility that they will still use a fake pay stub to have it over and done with. You can be able to see videos online made by paystub frauds on how you are going to make your fake pay stub including all the information that you need to place on it. Be sure to view here!
Nevertheless, all goes well if you are able to follow the saying "honesty is the best policy." If you go for a loan, you should be honest all the time especially since you will be asking some favor from people who will have control of your income.
If you push through with your fake pay stub, you might end waking up with more serious legal issues later on. In worse case scenarios, you can face jail time or if you are lucky, you will need to pay a fine of up to $1 million. It would not really be worth creating a fake pay stub for, most especially if you will be defrauding a financial institution.
People who are trying to scam
Make sure you are able to stop yourself right now if you are trying to scam the government or an insurance company with a fake pay stub. Look for more information about paystub, go to https://en.wikipedia.org/wiki/Paycheck#Payroll_warrants.