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Mar 30, 2018

Maine Tax Fraud Lawyers

In many tax audits done by the IRS, the agency is only interested in collecting taxes owed, interest, and with penalties. The IRS can impose a negligence penalty, along with a late filing penalty, and charge interest on all the above. In a tax audit, even if the IRS suspect you have committed tax fraud, they can impose a civil tax fraud penalty. This penalty is typically equal to 75% of the tax you owe, plus interest on the penalty.

Depending on the degree of fraud involved, the IRS auditor may ask a tax fraud expert to check over your case and see if it ought to be sent for criminal prosecution. Normally, this specialist has expertise and will seek advice of the IRS’ tax fraud attorney for help if it appears necessary.

The penalties for tax fraud are severe. You could get up to five years in jail, plus fines of $500,000, in addition to the cost of prosecution for each tax crime. When the criminal tax case is finished by the IRS criminal unit, it’ll be referred back to the IRS Examination Division where the taxes are assessed. The IRS can add the civil tax fraud penalty in addition to the criminal tax fraud penalties. It’s important to understand that tax statements from civil or criminal tax fraud cannot be discharged through bankruptcy. The civil fraud penalty is dischargeable in a Chapter 7 bankruptcy.

Tax fraud is defined as intentional wrongdoing. To be accused of tax fraud, you have to have an intentional violation. Carelessness isn’t tax fraud. The IRS looks for certain things when evaluating whether fraud occurred, for example: understatement of income, inadequate records, failure to file, concealing assets, dealing in money, failure to make estimated cash payments, failure to cooperate with authorities, failure to make payments.

For those who have any of these problems and are audited by the IRS, you might need a tax fraud attorney. Actions you take during a tax audit can transform a normal tax audit into a tax fraud case. By way of example, lying or giving false answers to IRS investigators, delaying the investigation, or other activities to mislead IRS agents can indicate fraud.

Experienced tax fraud lawyers can help you navigate an IRS tax audit, and help you formulate a plan.

Is Tax Fraud a crime?

Tax fraud is a common charge which could result from genuine mistakes in reporting tax information to the IRS. Tax offenses are some of the most frequent white collar offenses, which affects business professionals and average Americans. Underreporting income, failing to file taxes, or overstating deductions are grounds for audits. If the IRS finds cause to further afield following someone falsifies their tax report – then the IRS will deeply explore.

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Manhattan

85 Broad Street, 30th Floor
New York, NY 10005

Queens

35-37 36th St,
Astoria, NY 11106

Brooklyn

195 Montague St.
14th Floor,
Brooklyn, NY 11201

Manhattan

85 Broad Street, 30th Floor
New York, NY 10005

Phone

888-977-6335

Queens

35-37 36th St,
Astoria, NY 11106

Phone

888-977-6335

Brooklyn

195 Montague St.
14th Floor,
Brooklyn, NY 11201

Phone

888-977-6335