Yes, It’s Still a Bad Idea to Cheat on Your Taxes

WSJ Your Money Briefing

The Wall Street Journal

News, Business News

3.8 • 1.6K Ratings

🗓️ 8 April 2025

⏱️ 9 minutes

🔗️ Recording | iTunes | RSS

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Summary

Despite recent cuts, the IRS is still cracking down on filers who cheat on their tax returns this year. Wall Street Journal tax reporter Laura Saunders tells host Ariana Aspuru why the cost of getting caught has gotten higher. Sign up for the WSJ's free Markets A.M. newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	Hello Blue Skies.
0:04.0	Hello moving onwards and upwards.
0:06.8	Say hello to taking control of your money with the UK's number one investment and savings platform.
0:12.6	Open your account today at HL.co.uk.
0:16.1	Hargreaves Lansdown. Hello Life.
0:19.4	Invest, save, retire. To verify claim, see hl.co.uk
0:26.3	forward slash platform. You may get back less than you invest.
0:30.2	Hey your money briefing listeners. This is Adriana Aspuru. Here at YMB, we're all about bringing you
0:36.4	important personal finance and career news.
0:39.2	We're working on making some changes to our personal finance content, and we want to hear from you.
0:44.7	Our question today is, what kinds of life issues related to money do you want to hear more about?
0:51.3	If you're listening on Spotify, look for our poll under the episode description.
0:55.9	Or you can send us an email to YMB at WSJ.com. That's YMB at WSJ.com. Now on to the show.
1:10.4	Here's your money briefing for Tuesday, April 8th.
1:13.6	I'm Mariana Aspuru for the Wall Street Journal.
1:18.6	It's been a turbulent few months for the IRS.
1:21.6	Since President Trump took office, the agency has let go of thousands of workers and cut back on tax enforcement.
1:29.4	And now, with tax day just one week away, Americans are feeling the temptation to cut corners.
1:37.3	The professionals said to me that they're hearing more about, oh, they'll never know.
1:41.8	We don't have to tell them that.
1:43.2	This is a big tough year.
1:44.4	They're not going to know.
	...

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