FREE CONSULTATIONS & WE'RE AVAILABLE 24/7

Mar 30, 2018

New Jersey 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 in case the IRS suspect you have committed tax fraud, they can impose a civil tax fraud penalty. This penalty is typically equal to 75 percent of the tax you owe, plus interest on the penalty.

Based on the degree of fraud involved, the IRS auditor may ask a tax fraud expert to check over your case and see whether it ought to be sent for criminal prosecution. Normally, this specialist has expertise and will seek guidance 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 expense of prosecution for each tax offense. When the criminal tax case is finished by the IRS criminal unit, it’ll be referred back to the IRS Examination Division in which the taxes are assessed. The tax fraud penalty can be added by the IRS . It’s important to understand that tax statements from civil or criminal tax fraud can’t 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 must have an intentional violation. Mere carelessness isn’t tax fraud. The IRS looks for certain things when assessing whether fraud occurred, such as: understatement of income, inadequate records, failure to file, hiding assets, dealing in money, failure to make estimated cash payments, failure to cooperate with authorities, failure to make payments.

For those who have one of these issues and are audited by the IRS, you may need a tax fraud lawyer. Actions you take during a tax audit can transform the usual tax audit into a tax fraud case. By way of instance, lying or giving false answers to IRS investigators, delaying the analysis, or other activities to mislead IRS agents can indicate fraud.

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

Is Tax Fraud a crime?

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

Do you need an attorney for a tax fraud case?
It is very easy to run afoul of the policies implemented by the IRS, but the punishment for these violations varies considerably, and should be addressed in different manners. With small violations, it is best to communicate with an IRS agent in order to bring matters to a close, but when criminal matters such as tax fraud are alleged, seeking a knowledgeable tax lawyer is the best course of action. When seeking a lawyer, it is to your advantage to analyze their credentials, as the tax code is very complex, and will require an expert to sufficiently handle your case. Any missteps during this process could result in fines or incarceration. When dealing with tax fraud, it is important to understand that, as evidence has been collected regarding your violation, these cases present a very high conviction rate for the offender. Because of this fact, your attorney will generally attempt to have the charges decreased, which could help to reduce the punishment from a prison sentence, to a fine. In order to have the charges associated with the alleged tax fraud reduced, your attorney will attempt to prove that the violation was not done with the intent to reduce the amount, or to avoid paying the taxes as a whole, but was the result of human error. As the IRS agent is attempting to prove that you willingly violated federal tax laws, it is important to only speak with the IRS while in the presence of your paid counsel; they will often time attempt to use any statements made to back up their own case. Your attorney will begin his own investigation by searching for the onset of the alleged offense, then, go on to formulate the proper angle to attack the issue at hand.

Request Free Consultation

Testimonials

Request Free Consultation

Please fill out the form below to receive a free consultation, we will respond to your inquiry within 24-hours guaranteed.

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