Wikipedia defines, “Financial Infidelity is the secretive act of spending money, possessing credit and credit cards, holding secret accounts or stashes of money, borrowing...
Clubbing of income: if you transfer assets to spouse, minor child, or daughter-in-law, the income is taxed in YOUR hands. Transfers to parents, siblings, or adult children are safe. 5 biggest blunders that trigger tax scrutiny — and 5 smart, legal alternatives.