Tag: Tax fraud

Tax Law: Hiring the Best Lawyer to Handle IRS Audit Charges

Tax Law

When you are involved in any situation where you could be facing tax debt or tax evasion charges, your first goal should be to protect yourself by finding the best tax evasion defense available. You have to keep in mind that whatever you do, it will always be scrutinized and tested in court. The tax inspector may ask you many questions, so prepare for anything, said a tax lawyer in Missouri. This means that preparation is very important and you tax lawyer in Missourimust go over every detail of your financial records.

In essence, tax evasion is any effort to dodge paying taxes through any illegal means. Many times, tax evasion means hiding assets, under-reporting actual income, or even using someone else’s tax ID number. Often, people think of a simple fraud of identity theft when they think of tax evasion, but in reality there are several other ways to evade taxes. Determining liability and calculating the amount due can be very time consuming and confusing. Furthermore, many tax bills come due at the end of the year. There are ways to effectively minimize the liability and keep your tax bill to a minimum.

One of the most common ways to dodge taxes involves waiting until the tax season is over before you report any of your income. Even if you are caught, the penalties for understatement usually are very severe. This means that you could be paying enormous fines and or increasing your taxes by numerous points which will only increase your tax liability even further.

Even if you are guilty of tax evasion, you should expect to pay dearly. There are many different types of fines for tax evasion with most involving prison time. There is no reason for you to put yourself into jail for such a minor offense. If you are found guilty, you can expect to pay fines and penalties before being released or probation may be granted.

The IRS is not an interest only agency. There are often civil and criminal tax evasion charges against individuals. The best thing for you to do is to consult a tax lawyer. An attorney will help you to fight back against the charges. A tax evasion attorney will make sure that you are properly represented and that the appropriate tax laws are being used in your defense.

When facing criminal tax evasion charges, you should remember that it is your word against your criminal charge. If you are guilty, you may face jail time or huge fines. Don’t risk your freedom or financial situation on a trial that you will lose. Hire a tax evasion lawyer so that you can get the best possible outcome in this situation.