Tax fraud is a serious crime. If you have been singled out by the Internal Revenue Service and referred to its Criminal Investigations Division, you are already in serious trouble. Luckily, an experienced Philadelphia tax fraud attorney can help. An experienced tax attorney can help you minimize the amount of fines, fees and penalties that you will ultimately be forced to pay. In most cases, a good tax attorney will also be able to help you avoid doing prison time.
Luckily, only around 3,000 cases each year in the United States are referred to the IRS’ Criminal Investigations Division for prosecution. However, this does not mean that you have nothing to worry about if you have been targeted by the IRS with an audit. Each year, more than 1.5 million Americans are selected to be audited by the IRS. Of those, approximately 300,000 will face the most intense and serious form of auditing. Known as an office audit, these taxpayers are summoned into one of the IRS’ field offices where they are interviewed, in-person, by an agent.
If you find yourself in this situation, now is the time to hire an experienced tax attorney. Even if the chances of actually going to prison are small, the truth is that a bad outcome in an IRS audit can have life-ruining consequences. Even a field-office audit can result in ruinous judgments against you. In many cases, fines, fees and back taxes end up being so onerous that taxpayers are forced to sell their businesses and homes just to meet the obligations of the audit.
In these cases, the best way to minimize damage to your finances is by hiring a good tax attorney.
Do you need an attorney for a tax fraud case?
The penalties associated with tax fraud can be significant. In addition, the prosecution for tax fraud is a complicated matter. For this reason, you must give very serious thought to the necessity of retaining legal counsel to represent you if you find your self facing an investigation for or have been charged with tax fraud.
The first step in retaining a tax fraud attorney is scheduling what is known as an initial consultation. During an initial consultation, an experienced tax fraud lawyer provides you an evaluation of your case.
In addition, you are able to get answers to any questions that you might have about your case. A lawyer will also set forth how the prosecution process works. As a general practice, a criminal defense attorney charges no fee for an initial consultation with a prospective client.
You need to be proactive in retaining the professional services of a tax fraud attorney. In most tax fraud cases, a person will become aware that he or she is being investigated before being charged of indicted.
If you become aware that you are being investigated for tax fraud, you best protect your legal rights and interests by contacting a criminal defense attorney at that juncture. You also need to keep in mind that you should not communicate with law enforcement until you have an attorney. You need to follow your attorney’s advice when it comes to the issue of whether or not you will submit to questioning by law enforcement.
If for some reason you were never aware of an investigation, and you get charged with tax fraud, you need to retain legal counsel at this juncture. You need to keep in mind that the criminal justice system can move fairly quickly. Thus, you cannot delay in seeking and retaining a skilled tax fraud lawyer.
Do you need an attorney for a tax fraud case?
Have you received a notice from the IRS that you are being investigated for tax fraud? If so, it’s not the time to face the charges alone. Here’s why.
The IRS hires thousands of investigators throughout the United States. These agents can access all of your financial records and transactions.
If you are being charged with tax fraud, it means that the IRS may have enough evidence to convict you of this serious crime. For that reason, you will need to hire an experienced attorney who is not afraid to stand up to the IRS with you.
Hiring an attorney has many advantages. Here’s how an attorney can benefit your situation.
1. An experienced attorney can make the situation less frightening for you. When you fully understand the nature of the tax fraud charges, you may feel a sense of relief because your mind is not conjuring up frightful images. An attorney can provide you with the facts about your case.
2. You will know how to handle letters and phone calls from IRS investigators. If you haven’t interacted with the IRS on a personal level, it’s easy to respond in a manner that hurts your chances of acquittal. An attorney will respond to the IRS on your behalf and represent you in court.
3. Your attorney may be able to convince the IRS to withdraw the charges. This is especially true if the alleged tax fraud is due to errors on your part.
When it comes to tax fraud, you should make every effort to take actions that will keep you from having to go to jail or pay hefty fines. An experienced attorney can be your best defense.