The Criminal Investigation Division of the Internal Revenue Service investigates cases of potential tax evasion. Tax evasion is a crime in which a person or business purposefully avoids owing or paying taxes, usually by filing a fraudulent tax return. Federal tax evasion is a felony and carries extremely severe penalties in the event of a conviction. These can include:
Fines of up to $100,000 for individuals ($500,000 for corporations)
Imprisonment of up to five years
Payment of prosecution costs
Sentences in these types of cases have increased by an average of five months since 2008.
With such severe penalties, it is critical to obtain the services of tax evasion lawyers to protect your rights. In Broward County, including the cities of Coral Springs, Fort Lauderdale, Hollywood and Pompano, tax evasion attorneys are specially trained to deal with the IRS and to protect your legal rights. A tax evasion specialist may help protect you from the very serious consequences that can result from a conviction of tax evasion.
Tax evasion versus failure to file
The Internal Revenue Service reports that about three percent of taxpayers do not file tax returns of any kind. Whether a person owes taxes or not, he or she must file a return. If money is owed in a year where a return is not filed, the IRS can include a fine of up to $25,000 and up to one year in jail for each return in question. Although jail sentences are handed down in some cases, it is rare. Usually, fines and penalties accrue until the taxpayer pays the entire balance.
Protect your rights during investigation
When dealing with a tax evasion matter, it is important to obtain legal representation as soon as possible. Tax evasion lawyers may be able to help you negotiate a lesser charge or avoid prosecution altogether. The ultimate result will depend on the facts of your specific case.
During the 2010 fiscal year, IRS General Fraud Investigations:
- Launched 1,818 investigations
- Recommended prosecution in 1,090 cases
- Obtained information and indictments for 1,011 cases
- Obtained convictions for 867 defendants who received an average sentence of 33 months
Tax Evasion defense
Due to the complex nature of a tax evasion investigation, the knowledge and experience offered by Broward County tax evasion lawyers can make a difference in the outcome of your case. The IRS will likely make many demands for detailed information, and expert Broward County tax evasion attorneys can provide a buffer between you and the IRS, protect your rights and help determine the best course of action in your case.