Maria is worried about her fiscal matters.

She and her 22 years old son, Pedro, have been renting rooms for tourists in the apartment they both co-own, 50% each. The income they received has been around 28.000 per year during the last 6 years, but they never reported it to the Revenue Services. Now they are afraid of being audited, and feel unsure about if they can report it now, or if it is better to take the risk and keep not reporting anything.

We ask: Which are Marias options and which are the risks and consequences she and her son could face depending on their decision?