Last Updated on: 12th October 2023, 07:55 pm

Understanding and Combatting Sales Tax Fraud in Long Island

Products sold to the consumer in Long Island, as well as other parts of the United States, are subjected to taxation. Everyone in the country understands that there is an extra tax that is often added the sales tax on every purchase costs. If a business or company is accused of fraud concerning sales tax in Long Island, it is imperative to talk to a qualified criminal defense lawyer who has a track record of dealing with tax fraud cases in a court of law. Since that money often adds up, these charges can impact you and your business seriously. While there are many sales tax fraud cases or forms, a case can take up to one year to be fully investigated.

Common Sales Tax Fraud Types

Below is a list of the most common sales tax fraud types:

• Cooking the books
• Underreporting
• Fraudulent reports out of the state sales
• Evading taxes
• Failing to report any out-of-state sale
• Misrepresenting a tax exemption
• Under-the-table sales
• Skimming
• Off-the-books sales

Sales Tax Evasion

Evading every form of tax sales often seems a small deal for most people in the country. After all, it is just a few cents evaded from tax payment. If you are one of those who think so, you are very wrong. Unfortunately, these are the pennies that add up to the counties, cities, states, as well as other municipalities often impose great charges for those who are allegedly evading sales tax because it is money removed from the pocket. Any action that amounts to sales tax evasion is classified as a sales tax fraud evasion. From underreporting sales tax revenues to skimming off revenues, you can be charged with fraud if you are caught evading tax.

If you are facing sales tax fraud charges or being investigated for these charges, you must have it on the top list of your priorities to contact a Long Island criminal defense attorney who has a proven track record of performance and success in handling sales tax fraud cases in the region. Various states and books, accounting records, and the local and federal laws can make the case potentially lengthy and complex. For this reason, you can work hard to speak to a lawyer as soon as you can.

Under-the-Table Sales

Selling items without subjecting them to tax is a common form of tax fraud. This means these sales are often made in cash sales. For this reason, no one is accountable for reporting these transactions. You can land yourself in hot water if you sell items under the table without reporting them for taxation. Selling items off-the-books is another name for selling items under the table. In the real sense, it involves selling items without a credit card record or a paper trail.

Skimming

Skimming is another form of sales tax fraud common in the United States. Skimming off some of the top amounts of sales tax recorded in the tax papers happens when the total sales value is underreported or understated on the books. The skimming off of the sales report often goes to those who are involved in the allegation. This is one of the main ways people use to evade sales tax as well as defrauding the United States government off the sales tax. When you underreport the money gained from a transaction, you can skim off the excess amount of money to evade tax supposed to be paid.

Sales Tax Fraud Consequences

Cases that involve sales tax fraud are often associated with other white-collar or fraud crimes. Depending on the circumstances that surround your case, you can face a jail term that does not exceed one year. You can also face multiple years in prison or hefty fines if you are convicted. While most of these cases are never as violent as they were in the past, they often involve many severe penalties. This type of theft or fraud of the government property is egregious before the law. If you get convicted of the tax fraud charges or the back taxes and fines can be very exorbitant.

Long Island Sales Tax Fraud Lawyer

Charges concerning the sales tax fraud will cost you thousands of American dollars, potential mean time behind the jail, and a livelihood. While it does not matter the situation you may be facing, contacting a criminal defense attorney with a proven track record of sales tax fraud and white-collar tax fraud cases is one of the invaluable assets during these times of stress.

When you are facing under-the-table deals or charges as well as skimming or any other form of sales tax fraud, you must put it on your list of priorities to contact a Long Island sales tax lawyer who has enough legal experience to represent you in a court of law. You need to contact a lawyer as soon as the charges have been pressed against you or arrested. You can exercise your rights against self-incrimination.