Tax Fraud

How Are Tax Fraud Violators Punished in Florida?

Tax Law

Tax season is here, which means there is a chance you will make mistakes when filing your taxes this year. Unfortunately, it happens, and it can result in varying consequences depending on the severity of the violation.

If you are facing tax fraud, it’s important to contact an experienced tax fraud attorney Sarasota, Florida to assist you. When you have the Law Offices of Mary E. King on your side, you can trust that you’re getting comprehensive legal representation from a highly accomplished tax attorney.

Mary has more than 30 years of experience in dealing with the IRS on every level. So be sure to get in touch with her law office today. Mary knows how to effectively communicate with the IRS on your behalf to help resolve your tax fraud concerns.

Tax fraud is a crime that can result in penalties, fines, and even jail time. Tax fraud is typically associated with those who try to avoid paying taxes by filing false tax returns or by not reporting all of their income.

It is also associated with those who steal someone’s identity to gain access to financial accounts and then file fraudulent tax returns in the victim’s name. 

The IRS has many ways of catching perpetrators of tax fraud, from setup to audits to criminal investigations. This article will discuss what you need to know about the consequences of committing tax fraud.

How Is Tax Fraud Committed?

Tax fraud is committed by those who try to avoid paying taxes by filing false tax returns or not reporting all of their income. It is also associated with those who steal someone’s identity and then file fraudulent tax returns in the victim’s name.

It’s important to note that tax fraud can be committed intentionally or unintentionally. Accidents happen, so it’s important to have an attorney who can prove this to the IRS. But if you willfully set out to deceive the IRS in an attempt to get out of paying your taxes, you could face serious consequences.

What Are the Consequences of Committing Tax Fraud?

The IRS does not take tax fraud lightly. Tax fraud is a federal crime that can be punishable by a $250,000 fine and up to five years in prison. If you’re audited, the IRS can also impose civil penalties for each offense plus potential criminal prosecution.

During an audit, the IRS will typically ask you questions about your income and deductions on your return. In many cases, they may also request to see copies of your bank statements and other documentation to verify how much money you made during the year and if you reported it correctly.

If you are audited and show signs of tax fraud, such as unreported income or false deductions, then they may want to investigate further. If this happens, they will send a notice requesting more documentation, and that could result in additional fines or jail time if found guilty.

Criminal Investigations

If you are found to have committed tax fraud, the IRS will file a criminal investigation and refer your case to the U.S. Department of Justice for prosecution. You could be charged with a felony or misdemeanor, depending on the severity of your crime.

For example, if you are found guilty of willfully conspiring to defraud the government through the filing of false tax returns, you could be charged with a felony count for conspiracy to commit wire fraud and mail fraud. If convicted, you could face up to five years in prison and fines up to $250,000.

What to Do if You Are Suspected of Tax Fraud

If the IRS suspects you of committing tax fraud, they will probably begin an investigation. They may start by sending a notice to your home address. This notice will usually outline the suspected wrongdoing and ask for you to provide more information about it. You may also receive a letter from the IRS Criminal Investigation Division that instructs you to report for a meeting or interview with them at your nearest field office.

The IRS will have various ways of catching someone who commits tax fraud, including setup, audits, and criminal investigations. If you are suspected of committing tax fraud, the IRS is likely to launch an investigation.

Tax fraud is a serious crime in Florida and the rest of the country. The state takes tax evasion seriously and imposes stiff penalties for those found guilty of it. 

Anyone convicted of tax fraud may face jail time, fines, restitution, and more. As such, it’s crucial that you have a reliable, knowledgeable, and experienced tax fraud attorney on your side.

Are You Facing Tax Fraud? Call Mary E. King Today

Mary has been serving Florida residents and business owners for over 30 years. Her experience ensures that you are getting knowledgeable legal counsel that knows how to deal with the IRS in all tax matters. So be sure to call her law office at 941-906-7585 to get started. You may also complete this contact form.

The information in this blog post is for reference only and not legal advice. As such, you should not decide whether to contact a lawyer based on the information in this blog post. Moreover, there is no lawyer-client relationship resulting from this blog post, nor should any such relationship be implied. If you need legal counsel, please consult a lawyer licensed to practice in your jurisdiction.

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