Tax Evasion
Tax Evasion
Tax evasion is a crime that is punishable with asset seizure, fines and imprisonment. The temptation to underreport income occurs with self-employed cash intensive businesses. Tax fraud can also involve using a fake or false social security number, claiming to many dependents on your tax return and falsifying your accounting records.
Don’t assume that when you get a letter to be audited that the IRS suspects tax fraud. Most audits generate some adjustments to the tax amount owed. Auditors are trained to know the difference between tax evasion and honest mistakes.
If you are found guilty of tax evasion, you will not only have the tax, interest and penalties added but also the expenses of the cost to prosecute your case in court. This situation is one in which the services of a tax attorney is highly recommended. The attorney you select should have a majority of his or her practice with tax evasion case work.
If you suspect or know that you are guilty of tax evasion, it is best to tell the IRS right up front that you want to have legal representation. The IRS will agree to you right to be represented by an attorney. Who you pick to represent you is very important. Someone who is respected by the IRS as well as the Judge will have a greater chance of reducing the chances of imprisonment. We can recommend an attorney that you can trust and have confidence will represent you in the best possible manner.
Scott Allen E. A.
Tax Debt Advisors, Inc