Tax / IRS Fraud

Tax fraud costs the U.S. government billions every year. To address this growing issue, both federal agencies like the IRS and localized programs in Somerset have introduced whistleblower initiatives. These programs reward individuals for reporting businesses or people who evade tax liabilities, significantly aiding enforcement efforts.

Common Tax Fraud Schemes

There are a variety of schemes fraudsters employ to evade taxes, including:

• Illegally avoiding sales tax payments
• Fraudulent claims of credits
• Concealing or failing to report income
• Inflating deductions or expenses falsely
• Engaging in under-the-table payments or employee misclassification
• Promoting or investing in fake tax shelters
• Hiding income in undisclosed offshore accounts

Facing an investigation for tax fraud can be overwhelming. Federal prosecutors and IRS agents often examine every last detail of your financial history. They might scrutinize tax returns or even question you directly. This is why guidance from a qualified Somerset criminal lawyer is essential. At Logue Law Group, our experienced team understands the nuances of tax law, offering strong representation against federal authorities’ accusations.

What is Federal Tax Fraud?

Federal tax fraud involves deliberate actions to mislead or defraud the IRS. The following actions violate federal tax laws:

• Filing fraudulent tax returns with inaccurate income reports
• Submitting false financial documentation
• Failing to file a complete and accurate tax return
• Willfully evading payment of owed taxes
• Neglecting to collect employment taxes as required
• Engaging in money laundering activities

One critical distinction that the IRS often blurs is the line between genuine errors on tax forms and deliberate fraud. During audits, IRS agents meticulously search for intentional misconduct, such as concealed assets, understated income, or refusal to cooperate during investigations into illegal activities. However, they sometimes conflate mistakes or oversight with fraudulent behavior.

If an IRS audit results in findings of discrepancies, they typically aim to collect back taxes along with penalties and interest. However, accusations of tax fraud following an audit come with severe consequences. These include hefty penalties or even criminal charges. A Somerset DUI attorney can provide vital legal support in these scenarios. Additionally, if you are under investigation by federal authorities for other crimes, your tax returns may also fall under scrutiny. Any significant spending that doesn’t match reported income may trigger accusations of hidden illegal earnings, making tax fraud a likely supplemental charge.

What are the Penalties for Tax/IRS Fraud?

The consequences of being convicted of tax fraud are severe. Potential penalties include:

• Fines up to $100,000 for individuals and $500,000 for corporations
• Imprisonment in a federal penitentiary for up to 5 years
• The obligation to cover the prosecution costs for every individual tax crime

The debts incurred are often far greater than the initial tax obligations, which can result in long-term financial strain. Don’t face these charges alone; the legal experience of a Somerset criminal lawyer can make a significant difference in the outcome of your case.

How Can a Somerset Tax Fraud Attorney Help?

For a conviction in tax fraud cases, prosecutors must prove you acted wilfully and deliberately. A skilled Somerset DUI attorney will challenge this by showing the judge and jury that your actions stemmed from a lack of understanding of tax laws or an honest mistake in calculations. Here’s how they can assist:

• Challenge Intent: Demonstrate the absence of willful intent in your actions.
• Protect Your Rights: Ensure fair treatment during investigations and trials.
• Tailored Defense Strategy: Build a case that highlights errors, not misconduct.

When you face tax fraud charges in Somerset, you’ll encounter zealous prosecutors and strict laws. Our top-rated Somerset criminal lawyer will walk you through every available legal option and fight to achieve the best possible resolution for your case.

Speak to an Expert Today

Being accused of tax fraud is an intimidating experience, but you don’t have to go through it alone. At Logue Law Group, we specialize in offering tailored legal support to Somerset residents facing fraud accusations. Together, we can build a strong case for your defense.

Schedule a free initial consultation with our experienced Somerset DUI attorney today.

Call us at 844.PITT.DUI to secure the representation you need and deserve.