If poor records are kept and a physician fails to report all of his incc or deductions correctly to the IRS.

If poor records are kept and a physician fails to report all of his incc or deductions correctly to the IRS.

he is open to a charge of:
A . negligence
B . fraud
C . dishonesty
D . suspicion

View Answer

Answer: B

Explanation:

If a physician fails to report all of his income or deductions correctly to the IRS and keeps poor records, he can be charged with fraud. Fraud involves deliberately providing false information to deceive or mislead for financial gain. In the context of tax reporting, this means intentionally failing to report income or claiming deductions that are not legitimate, which can lead to significant legal consequences including fines and imprisonment.

Reference: Internal Revenue Service (IRS). (n.d.). Tax Fraud Alerts. U.S. Department of Justice. (n.d.). Criminal Tax Fraud.