- Faulty deductions are those which you are not entitled to, such as claiming to have given to a charity which you did not, or giving false amounts on claimed deductions, according to Financial Web.
- In most cases of a faulty deduction, you will probably just receive a fine. Fraudulent fuel tax credit claims, for example, incur a $5,000 penalty, according to the IRS. Faulty deductions worth tends of thousands could result in time in a federal jail.
- If you suspect potential taxpayer fraud fill IRS Form 3939-A. Alternatively, you can send the IRS a handwritten letter detailing what you know about the deduction fraud, your Social Security number and dollar value of the fraud.
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