Tax and IRS Fraud

Tax fraud leads to substantial financial losses for the government every year. To address this ongoing issue, both the New Caste area and the IRS have established whistleblower programs. These initiatives incentivize individuals to report businesses or individuals attempting to evade their tax obligations.

Common Types of Tax Fraud

The following are schemes commonly associated with tax fraud:

• Failing to pay sales taxes legally owed
• Fraudulently claiming tax credits
• Concealing or neglecting to report income while inflating deductions or expenses
• Providing under-the-table payments or misclassifying employees
• Promoting or engaging in fake tax shelters
• Keeping hidden income in offshore accounts

If you find yourself under investigation for tax fraud, the experience can become overwhelming. Federal prosecutors and IRS agents aren’t just examining your tax returns; they may begin questioning you directly about your financial activities. This is precisely when consulting a highly skilled New Castle DUI attorney, like those at the Logue Law Group, becomes essential. Our team deeply understands federal laws and stands ready to protect your rights and advocate against federal authorities.

What is Federal Tax Fraud?

Under federal law, the following actions are considered illegal:

• Filing false or fraudulent income tax returns
• Providing inaccurate or forged documentation
• Failing to submit complete tax returns
• Willfully avoiding taxes owed to the federal government
• Neglecting to collect employment taxes
• Participating in money laundering activities

One frequent challenge is that the government can mistake minor errors on tax forms for intentional fraud. During an audit, IRS personnel scrutinize every detail, searching for deliberate misconduct. That’s why you need to seek help from New Castle criminal lawyers for the best assistance.

However, simple mistakes or negligence can sometimes be misinterpreted as illegal activities. Auditors focus primarily on:

• Attempts to hide assets
• Attempts to understate income
• Failing to cooperate in investigations tied to illegal activities conducted by the IRS

And the best way to do that is to hire a New Castle DUI attorney right away.

Typically, if you’re audited by the IRS, they’ll aim to recover any unpaid back taxes along with interest and penalties. However, if suspicions of fraud arise during the audit, the stakes become much higher. You might face severe penalties or even criminal prosecution.

If you live in the New Castle area, consulting an experienced New Castle criminal lawyer is crucial. This legal support ensures your rights remain protected throughout the process. Furthermore, if you’re under investigation for another federal crime, your tax returns may also come under scrutiny. Auditors often look for discrepancies, such as high expenditures that surpass your reported income, as potential indicators of undeclared illegal earnings. These red flags can lead to accusations of tax fraud tied to criminal conduct.

Penalties for Tax or IRS Fraud

If you’re convicted of tax fraud, the penalties can be severe. You may face:

• Fines of up to $100,000 for individuals
• Fines as high as $500,000 for corporations
• Imprisonment in a federal penitentiary for up to five years

Additionally, you would likely be responsible for covering the prosecution’s cost for each tax violation, which often results in a debt significantly higher than the original tax owed.

How a New Castle Tax Fraud Attorney Can Assist You

To prove tax fraud, prosecutors must establish that any violations were committed willfully and with intent. A seasoned New Castle DUI attorney will strive to prevent them from meeting this burden of proof. They will present evidence demonstrating that actions were the result of misunderstanding tax laws or unintentional errors in calculation, rather than deliberate wrongdoing.

Facing charges for tax fraud pits you against skilled prosecutors and stringent federal laws. The New Castle criminal lawyers at Logue Law Group are well-versed in these battles and will carefully guide you through your available options, providing the most effective defense for your case.

Schedule a Free Consultation

If you’re inLawrence County and facing potential tax fraud charges, seeking expert legal advice is your first line of defense. Our legal team at Logue Law Group is here to help.

Contact us online or call 844.PITT.DUI today to schedule a free initial consultation with one of our experienced New Castle DUI attorneys. We’re ready to stand by your side and fight for you.