IRS auditor Jim H. Liu arrested for cheating on his taxes

Jim H. Liu, 43, an auditor for the IRS, pleaded guilty to cheating on his own taxes.

Liu, who audits taxpayers in Diamond Bar, California, admitted to claiming a loss on a real estate transaction when he actually received a large profit.

In 2002, Liu sold a house in Pomona, California and made a profit of $48,000, but  reported a loss of $4,200 on his taxes.

He pleaded guilty to one count of subscribing to a false tax return, and faces three years in prison.

His loss cost the government more than $14,000

THIS IS FUNNY, YOU FIGURE AN AUDITOR WITH THE IRS WOULD KNOW HOW TO CHEAT THE GOVERNMENT, AND NOT BE CAUGHT.