Tax fraud typically encompasses many different unlawful actions that are centered around an unwillingness to make tax payments. Tax fraud constitutes a violation of several different laws. Tax fraud is a sort of umbrella term that covers many different areas of tax payment avoidance. Tax evasion is a crime that falls under the category of tax fraud, but is a more specific and singular offense. With tax evasion, the taxpayer intentionally and deliberately misrepresented their taxable income in order to avoid paying higher taxes to the government, or paying taxes at all in any capacity.
Both tax fraud and tax evasion are serious federally charges that carry highly consequential penalties. Your personal and professional life will forever be affected by an arrest of this nature, so it is highly recommended that you hire a white collar crimes lawyer as soon as your suspect you’re in trouble.
Do You Understand the Extent of Your Charges?
If you have been accused of tax evasion, it’s important that you understand the extent of the legal circumstances before you. You have a right to feel confident moving forward with the legal proceedings you are about to face, and it’s crucial you have an understanding of the terminology that will be used in your upcoming case. Generally speaking, tax evasion is defined as the unlawful activity whereby individuals or businesses deliberately avoid making tax payments. To willfully fail to pay taxes is a federal offense under the Internal Revenue Service (IRS) tax code. An individual convicted of tax evasion or tax fraud can face several years of imprisonment, hefty fines or even community service. The moment you find yourself in legal trouble regarding tax evasion, you need to contact a white collar crimes lawyer to build a strong case for your defense.
What Penalties Can I Incur For Tax Evasion Crimes?
Tax evasion crimes are a state and federal offense. If you are convicted of tax evasion, there can be a very significant monetary fine, and a potential prison sentence that may be as high as five years. If you are acting in conjunction with others, for example if an entire business has conspired to evade paying taxes, the penalties will likely escalate.
It’s crucial you contact a qualified lawyer right away. The penalties for tax charges are administered on a federal level, and often lead to extensive jail sentences and astronomical fines. Under the United States Constitution, every individual has the right to a fair trial and a right to legal counsel. Schedule a consultation with The Bianchi Law Firm, LLC as soon as possible to begin forming a strong case for defense.
The Bianchi Law Firm Can Defend You Against Tax Crime Charges
If you have been accused of tax fraud or tax evasion, you need to work with a lawyer that cares. The Bianchi Law Firm, LLC can defend you against these tax crime charges and will work to ensure you feel confident and secure throughout the entirety of the legal proceedings.
The Bianchi Law Firm, LLC offers a free, no-obligation consultation to any New Jersey resident in need. Contact our Parsippany-Troy Hills law firm today at (862) 210-8570 to schedule a consultation with one of our white collar crime attorneys.