<prompt> Human: As a web designer, I am contracted to perform tasks such as getting this clients web site on search engines, local directories, clean up his design, etc. Total fee for my services is about 10K. Without me asking for this advice, he suggested that I file on my taxes that the actual job is worth 20K but that Im willing to perform my services for only 50 of the cost. This will then save me money on my taxes because the extra 10K that Im not charging will entitle me to some tax benefits. Does this sound legit?Im really dumb when it comes to finances in general and especially on figuring out ways to game the system. Can someone clarify in laymans terms what this is about?  <response>: Closest that sounds like to me is he wants you claim that 10,000 as a loss. If it was a loss this would make your 10,000 you actually charge balance the loss and net you 0.00 profit. No profit, no tax.I am not an accountant, and I do not work freelance or with the IRS. Find a CPA and ask why someone would think what this guy thinks. 