Tax fraud is a felony and can result in jail time. However, in most cases, the IRS will offer a settlement with a taxpayer that has been accused of tax fraud. If you are audited or under investigation for fraud, it is best to seek the advice of a tax attorney. If you live in Columbia, SC, and are accused of Tax Fraud by the IRS – our IRS tax fraud lawyers can help. The Spodek Law Group is a nationwide law firm, that understands how difficult tax fraud cases and allegations are, and the fact that you need quality legal representation and advice.
Below are some frequently asked question about tax fraud. We understand you’re under stress, but it’s critical you speak to a quality criminal defense attorney who can quickly take over your case.
What are the penalties for tax fraud?
The penalties for tax fraud can be extremely severe. The IRS can impose fines that are equal to 75% of your unpaid tax bill. If you have a net worth more than $2 million or the total tax loss is more than $5 million, the IRS can fine you up to 250% of your unpaid tax bill. In some cases, the IRS can also charge you with a felony and you may even face prison time.
What are some examples of tax fraud?
The following are some examples of tax fraud:
What are the consequences of tax fraud?
The consequences of tax fraud can be severe, especially if you are found guilty of willful tax fraud. If you are convicted of tax fraud, you can be fined up to 75% of your unpaid tax bill. In addition, you can be fined $250,000 for each count of tax fraud. In some cases, you can even be sentenced to jail time.
How can I reduce my tax fraud penalties?
If you have been charged with tax fraud, it is important to work with an experienced tax attorney. The IRS may be willing to reduce your penalties if you are willing to admit wrongdoing and pay back the taxes you owe. However, if you are found guilty of fraud, you will not be able to reduce your penalties.
Will the IRS accept my confession?
The IRS will consider your confession if you are willing to pay the taxes you owe. However, the IRS will not accept your confession if you have been charged with tax fraud. If you have been charged with tax fraud, it is important to speak with an experienced tax attorney before you make any decisions.
How can I pay back the taxes I owe?
If you are facing tax fraud charges, it is important to work with a tax attorney to create a payment plan for your back taxes. You can sell some of your assets if your tax debt is too high, but it is best to speak to a tax attorney before you make any decisions.
What is tax fraud?
Tax fraud is when you deliberately and intentionally do not pay your taxes.
Can you be charged with tax fraud even if you did not know that you were supposed to pay taxes?
Yes. If you did not pay taxes, but had no reason to believe that you were supposed to, you can still be charged with tax fraud.
Is tax fraud a felony?
Yes, tax fraud is a felony.
What is the punishment for tax fraud?
The punishment for tax fraud is a 3 year prison sentence and a fine of up to $250,000.
What if I had a good reason for not paying taxes?
Do I need a lawyer to defend me against tax fraud charges?
Tax fraud is a serious charge. If you are being investigated for tax fraud you should contact a criminal defense lawyer immediately. Your lawyer can help protect your rights and defend you against tax fraud.
Spodek Law Group have offered me excellent support and advice thru a very difficult time. I feel I've dealt with someone who truly cares and wants the best outcome for you and yours. I'm extremely grateful for all the help Spodek Law Group has offered me. I can't recommend them enough.
Spodek Law Group was incredibly professional and has given me the best advice I could wish for. They had been helpful and empathetic to my stressful situation. Would highly recommend Spodek Law Group to anyone I meet.
Best service I ever had. Todd is absolutely class personified. You are in the safest hands with spodek. They have their clients interest in mind.
We provide superior service, excellent results, at a level superior to other criminal defense law firms. Regardless of where your case is, nationwide, we can help you.
555 W 5th St 35th floor, Los Angeles, CA 90013
35-37 36th St, 2nd Floor Astoria, NY 11106
85 Broad St 30th Floor, New York, NY 10004
195 Montague St., 14th Floor, Brooklyn, NY 11201