Dallas Tax Evasion Defense Attorney
Tax evasion is the illegal and intentional avoidance of paying mandatory taxes to federal or state government agencies, and is among the most commonly committed federal crimes. It typically includes taxpayers purposely concealing or misrepresenting their actual financial state to the authorities to reduce their tax liability. Common charges of tax evasion include failure to file a tax return, failure to report income, understatement of income, inadequate records, and payroll and sale tax fraud.
Though tax evasion is classified as a white-collar crime as it does not involve weapons, violence, or even physical injury to other parties, it is still viewed as an extremely serious matter with potentially harsh punishments.
If you face tax evasion charges, you need efficient, effective, and aggressive legal representation to protect your rights and best interests at every stage of your case. Consult with an experienced attorney as soon as possible. Call David Finn, P.C. at (214) 871-1112 today.
Signs of Tax Evasion
When searching for fraudulent tax statements, the IRS often looks for the following warning signs of tax evasion:
- Insufficient tax records
- Failure to cooperate with the IRS and other tax authorities
- Understatements of income
- Concealment of income, asses, or illegal activities
- Dealing primarily in cash
- Failing to make estimated tax payments
- Failing to file tax returns
Penalties for Tax Evasion
Under federal criminal law, tax evasion is classified as a felony offense, thus resulting in heavy penalties. Though the state of Texas may have its own provisions and sentencing guidelines for defrauding the government, a federal tax evasion conviction for an individual may be punishable by a $250,000 fine and up to five years in prison. A tax evasion conviction for a business, on the other hand, is punishable by up to $500,000 in fines. In some instances, the offender may be required to pay for prosecution costs. Depending on the case, it is also possible for probation, community service, and restitution to come into play.
Apart from facing hefty fines and lengthy prison time, an individual convicted of tax evasion may suffer severe damage to their family life, finances, reputation, as well as educational and career opportunities.
Call David Finn, P.C. Today
A misinterpretation or ignorance of tax laws is not deemed a crime, and so the government must first be able to establish an individual’s deliberate intent to avoid paying taxes before convicting him or her of tax evasion.
If you or a loved one face tax evasion charges, it is essential have a skilled criminal defense attorney by your side. David Finn, P.C. will fight aggressively to protect your rights, fight the allegations against you, and create the strongest defense possible. Call (214) 871-1112 today to schedule a consultation.