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Mar 30, 2018

North Dakota Tax Fraud Lawyers

In most 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, in addition to a late filing penalty, and charge interest on all of the above. In a tax audit, 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 level of fraud involved, the IRS auditor may ask a tax fraud expert to look at your case and see whether it ought to be sent for criminal prosecution. Typically, this specialist has experience and will seek advice of the IRS’ tax fraud attorney for help if it looks necessary.

The penalties for tax fraud are serious. You could get up to five years in jail, plus fines of $500,000, plus the expense of prosecution for each tax offense. Once the criminal tax case is completed by the IRS criminal unit, it will be referred back to the IRS Examination Division in which the taxes are assessed. The IRS can add the civil tax fraud penalty on top of the criminal tax fraud fines. It’s important to know 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 must have an intentional violation. Carelessness is not tax fraud. The IRS looks for certain things when evaluating whether fraud occurred, such as: understatement of income, inadequate records, failure to file, concealing assets, dealing in cash, failure to make estimated cash payments, failure to cooperate with authorities, failure to make payments.

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

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

Is Tax Fraud a crime?

Tax fraud is a frequent charge which can result from real mistakes in reporting tax information to the IRS. Tax offenses are a few of the most frequent white collar crimes, 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 to further prosecute after someone falsifies their tax report – then the IRS will greatly investigate.

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Manhattan

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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