Originally Posted by
garykung
2. It is a federal criminal offense. Due to how the Government works, good luck convincing the AUSA to press charge.
(Note - I am not suggesting you should commit fraud and overstate your income. However, in reality, unless the adverse impact is significant, the DOJ rarely gets involved due to budgetary issue.)
Personally I'd be more worried by being blacklisted by a bank than being sued.
Then again, I report my income from work plus my rental property, no more no less.