AGGRESSIVELY PROTECTING YOUR RIGHTS
PENALTIES FOR TAX FRAUD CHARGES
In part because of the slow economy and diminished government revenues, there has been an increase in criminal prosecution of federal and Minnesota tax fraud cases, targeting both corporations and individuals.
Many don’t realize that prosecutors and IRS special investigators have greater latitude in tax fraud cases than they have in other white collar crime cases. And they move with exceptional aggressiveness, showing up in numbers at your home or place of business. It is unwise of you to answer IRS investigators’ questions yourself. The moment agents show up at your door, call a tax fraud lawyer you trust.
Tax cases generally turn on one of these offenses:
- Underreporting income
- Failing to file tax return
- Using illegal offshore accounts to avoid taxes
- Failing to withhold employee payroll taxes
- Claiming excessive or fraudulent deductions
Penalties for IRS tax fraud, or in aiding and abetting another person to commit tax fraud, may involve forfeiture of property and time behind bars. These penalties can be abated under certain circumstances. Actual prosecution is by the U.S. Department of Justice, not the IRS itself.