FREE CONSULTATIONS & WE'RE AVAILABLE 24/7

Mar 30, 2018

Wisconsin Tax Fraud Lawyers

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

Depending on the level of fraud involved, the IRS auditor may ask a tax fraud specialist to check over your case and see whether it ought to be sent for criminal prosecution. Typically, this specialist has expertise and will seek guidance of the IRS’ tax fraud lawyer for help if it appears necessary.

The penalties for tax fraud are serious. You could get up to 5 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 IRS can add the civil tax fraud penalty in addition to the criminal tax fraud penalties. It’s important to understand that tax bills 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. Mere 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 government, failure to make payments.

If you have one of these issues and are audited by the IRS, you might need a tax fraud lawyer. Actions you take during a tax audit can transform the usual tax audit into a tax fraud case. For example, lying or giving false answers to IRS investigators, delaying the analysis, or other actions to mislead IRS agents can indicate 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 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 ordinary 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 accounts – then the IRS will deeply explore.

Do you need an attorney for a tax fraud case?
Tax fraud is one of the charges that the IRS may choose to bring up, often time, without notice. Some people may choose to deal with charges presented by the IRS on their own, while others may choose to hire an attorney, but in criminal cases such as tax fraud, it is always a better option to seek out professional services. Because tax fraud is a criminal charge, the consequences may range from a simple fine to actual prison time. Tax fraud charges have an extremely high rate of conviction, so in seeking counsel, you are often attempting to convince the IRS that the charges brought up against you are erroneous in nature, and because of this, lesser sentencing should be an order. Getting to the root of your tax fraud problems is often very complex in nature, and hiring lawyer will help to circumvent problems, such as maintaining an effective line of communication. Instead of relying on communication by letter, employing an attorney can ensure that a verbal line of communication is consistently maintained, keeping all parties on the same page. Tax codes and laws are constantly changing, and discovering the correct pathway to attack the charges can be a fluid process, making a tax attorney’s expertise a virtual necessity, and there are often programs that can assist with the process that is only feasibly enacted under the guidance of an expert. It is always best to hire an attorney when dealing with criminal charges posed by the IRS, but just as important as attaining counsel is ensuring that you have attained counsel that is knowledgeable with a winning record. Tax fraud can often be accompanied by a number of time-sensitive options, so hiring an attorney as soon as possible will allow you to learn the most effective course of action before alternatives begin to diminish.

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