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The chance of being audited is what, 2%? Would this be worth the risk in not reporting 20K. I think so, if there is no jail time.
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Is this 2% accurate? Or is that a figure:
a. Pulled out of your ass
b. Based on the entire population of taxpayers
I would guess the answer is a, but may be close to b. What are the chances that the extra 20,000 if removed from online accounts or used for purchases would cause a flag with the IRS?
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Someone feel free to post the EV calculation for omitting $20k. Assume that you will not be charged with evasion, and thus will not go to Federal, pound-me-in-the-$#@ prison, which is hard to put an exact -EV number on.