The vast majority of us do not spend a lot of our time thinking about tax fraud. That is until we are faced with a letter from the IRS stating that they believe that we have committed such a fraud. It may sound like the plot from a bad movie, but it is actually the situation that so many of us might have to face.
The IRS is a massive governmental body that does not care about your personal circumstances or anything to do with you really. If their computers think that you have somehow defrauded the government of tax money that you owe, then they will send out a notice to you letting you know that they believe you are a tax cheat. That is the moment when you open the mail and just start to panic.
For those facing this issue at the moment it is important to know that there are attorneys out there who work on these types of cases. Not only that, but they would be more than happy to work with you to make sure you receive the most favorable treatment possible.
At the end of the day the IRS is going to do whatever it is that they are going to do. It is up to you to decide how to respond to their threats. You can simply agree to some kind of deal with them, or you can actually take the time to hire an attorney and get this thing worked out as it should be. The choice is yours, but the answers may be closer to you than you realize. You just have to make sure that you are sticking to your game plan and not allowing them to run over you. Your attorney can help you have a strong backbone in these situations.
There are many reasons the Internal Revenue Service (IRS) could investigate you for tax fraud. Here are a few of the most common reasons and their penalties.
- Fraudulent Tax Return Filing – Up to 3 years in prison – Up to $100,000 in fines and penalties
- Tax Evasion – Up to 5 years in prison – Up to $100,000 in fines and penalties
- Failure to File a Tax Return – Up to 1 year in prison – Up to $25,000 in fines and penalties
One of the mistakes that people make when they get notices from the IRS is they ignore the notices. They don’t want to deal with the stress of negotiating with the IRS.
Although ignoring the notices is an understandable response, it’s not a wise action to take. The IRS won’t leave you alone if you ignore them.
When it comes to the IRS, procrastination will complicate your situation. If you don’t respond to the tax fraud charges, the IRS will use aggressive tactics to get your attention.
The best thing you can do if you are being investigated by the IRS for tax fraud is hire an attorney to represent you. A skilled attorney can guide you through the process and help you make the right decisions about your case.
It is understandable that some people would like to know if it is truly necessary to get an attorney when it comes to tax fraud cases. They hear from the IRS that they are suspected of tax fraud and wonder just how much they should really be concerned. Other people get that same letter from the IRS and immediately are terrified and want to do whatever is necessary to make things right.
There are definitely different kinds of people when it comes to a matter like this. However, the bottom line is that we should all consider the usefulness of an attorney to help with our tax fraud case whenever we receive a letter from the IRS informing us that we are now involved in one.
These attorneys are a godsend to someone who is struggling to figure out what to do to get the IRS off of their back. It is hard enough to try to catch up on backed tax payments when the IRS is not hounding you. Add on to the fact that they may hound you and add on penalties to what you owe, and it becomes clear that you need someone to advocate for you.
A good tax fraud lawyer will know that you might be scared given the circumstances. They can certainly understand that, but they are going to try to help you get through this with as little damage to your finances and life as possible. Allow them to take over the reigns when it comes to negotiating with the IRS. That is the only way that you can truly have some peace of mind that everything is going to be okay with this case over time. Beyond that, there is not much else that you can do except wait for this thing to work its way through the negotiating process.