Millions of people have been abusive since the founding of the Internal Revenue Service, receiving their pay under the table and not paying their taxes. A lot of individuals are earning trillions of dollars in one year because of this method and people who are doing this illegitimate living is trying their best to prove it as legitimacy.
Nonetheless, this link will show you that there is a very high penalty for pay stubs that are fake that is why it should be avoided at all cost especially to those people who are not earning enough money. 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.
Fake pay stubs and the reasons why people make it
One of the most known reasons why people make up fake pay stubs is when they are trying to have a loan granted. In order to get back the money that other will loan for, lenders see to it that they have some papers on hand to serve as proof among anything else. In order for the lender to determine whether the borrower is capable of paying or not is by knowing how much that person earns through his pay stub.
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. As long as they get the loan, people often think a fake pay stub is no big deal regardless if they have a documentation of their earnings or not. 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.
The saying still remains that honesty will always be 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. You need to pay a fine of $1 million if you get caught, or it might even get worse and you can end up in jail. Financial institutions have their own rules, regulations, and laws that they have to follow that is why defrauding them with fake pay stub may not be worth it.
Some individuals always try to scam
Scamming an insurance company or the government with a fake pay stub might get you into a lot of trouble that is why you need to stop yourself as soon as possible.