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• SamReidHughes 9y ago
  Credit applications and tax forms have the incentives in the opposite direction.
  • deleted 9y ago
    [deleted]
• shkkmo 9y ago
  Yes, understating your income when reporting it to the IRS (for taxes) is fraud. However the situations being discussed are credit/loan applications. Since understating your income in that application doesn't generally provide any material benefit, there would be no "element of actual or attempted pecuniary gain"