Tax evasion can occur whenever an individual, business, organization or other entity intentionally misleads or provides incorrect information when filing their federal or state tax returns for the purpose of illegally lowering their taxes owed. Tax evasion can include failing to claim money earned, inaccurately reporting how much money you earned, over-reporting or falsely claiming deductions or having two different sets of books for accounting purposes.
Tax Evasion Penalties
Depending on the severity of the tax evasion charge, there are several penalties possibilities on the table. Typically, offenders will simply pay an additional monetary penalty in addition to what is owed. However, offenders will not do jail time unless other crimes were committed in conjunction with the forgery.
Possible Penalties
- Jail Time
- Probation
- Significant fines and fees
- Full payment of all associate court costs and costs of prosecution
- Seizure of assests
Tax Evasion Sentencing
There are actually several different hearings that occur in a tax evasion investigation before the actual hearing that will establish any criminal sentencing. Getting an attorney involved as soon as you know there is an investigation will help you in early representation that may be able to clear up the misunderstanding and prevent the case from ever going all the way through to a court hearing. The IRS is more interested in clearing up the back taxes owed rather than incarcerating an individual or business in most cases.
Tax Evasion Charges And Legal Help
An attorney that has experience in working with individuals or companies under investigation by the IRS is your greatest asset. They can represent you at each meeting or preliminary hearing in order to attempt to organize a repayment or reassessment of your taxes and prevent a court cases. In addition the attorney may actually be able to work with the IRS to decrease the total amount owed.
- If you have been charged with Tax Evasion, Submit Your Case for a Free Review from a skilled Criminal Defense Attorney.
