Tax evasion is a crime and, if convicted, you face serious penalties. You might expect that tax evasion and violent crimes are the highest-paying criminal offenses, but tax evasion and tax fraud are also sometimes punished very severely. In some states, a criminal conviction can result in years of incarceration, hefty fines, and even jail time.
When tax evasion and tax fraud are investigated by the IRS, it can be an embarrassing and stressful time. It’s not uncommon for taxpayers to hire a tax lawyer to represent them and negotiate a deal with the IRS. Unfortunately, many tax lawyers do not understand the complex tax laws and may not be aware of the options available to people facing tax crimes. A Missouri tax lawyer may be able to help you salvage your credit rating, keep you out of jail, and keep you out of court.
There are some tax evasion cases where the taxpayer may be able to negotiate a deal with the IRS. Generally, tax fraud or tax evasion cases are tried in federal court. A tax evasion defense attorney is the best defense attorney a taxpayer can have during an investigation by the IRS. The lawyer will help the taxpayer develop a strategic plan to avoid prosecution and maximize the amount of money the taxpayer owes to the IRS. This attorney will also prepare the tax returns and paperwork to meet with the IRS for the audit.
Tax evasion is a serious crime and if convicted, the penalty can be as high as ten years in prison. Even the mere suspicion of tax evasion is enough for the IRS to start an investigation. For example, an individual who fails to report all income, purchases large items with his tax refund, or even sells an inherited property can be charged with tax evasion. It is not uncommon for the punishment to include jail time.
Another way for the prosecution to gain evidence against tax defaulters is through the process of “voluntary disclosure”. In voluntary disclosure, the taxpayer makes his tax returns available to the tax office so that it can review its records and find any discrepancies in the accounting records. When the examination finds these discrepancies, it will forward the information to the tax evasion prosecutor for prosecution. While voluntary disclosure is a good way to prevent prosecution, sometimes it is used as a strategy by the taxpayer to get out of paying tax debts. According to an IRS tax settlement attorney, some tax lawyers will advise their clients to make their returns available for review by the tax office so they can get an accurate assessment of their tax liability.
Tax fraud and tax evasion investigations are very complicated. When tax crimes attorney is involved, it is important that he gets as much information from the prosecution as possible. Tax fraud and tax evasion attorneys face very difficult challenges. They must investigate what their client is charged with, assess the case against them, and defend their client against these charges. If tax evasion charges are brought against a client, it is very important that he gets defense representation.