WHAT CONSTITUTES TAX EVASION?
\nOn behalf of Law Office Of Scott G. Cerbin, Esq., PLLC posted in federal crimes on Sunday, September 16, 2018.<\/p>\n
As a New York taxpayer, you likely have a healthy respect for the Internal Revenue Service, if not an actual fear of this all-powerful governmental entity. You likely also do everything possible to make sure you file your taxes every year by April 15 and pay whatever taxes you owe.<\/p>\n
Whether you compute your own taxes or hire a company to prepare them for you, however, you probably occasionally worry about what will happen if you or your tax preparer makes a mistake. Will the IRS charge you with tax evasion? As FindLaw explains, the answer is \u201cno.\u201d Tax evasion applies only to deliberate attempts you make to understate your income or overstate your deductions \u2013 and rests on the government\u2019s ability to prove it.<\/p>\n
Tax evasion examples<\/p>\n
While numerous tax evasion examples exist, a mere calculation error is not one of them. Rather, the most common examples of tax evasion include the following:<\/p>\n
Deliberately destroying your financial records
\nConcealing your income sources and amounts
\nOverstating your deductions
\nFiling a false tax return
\nRefusing to file your income tax return(s)
\nHolding assets in someone else\u2019s name
\nCriminal conviction penalties<\/p>\n
Should the IRS file criminal tax evasion charges against you, this is a serious matter indeed. Keep in mind, however, that the IRS carries the burden of proving beyond a reasonable doubt that you did indeed deliberately seek to evade paying the taxes you owed. Nevertheless, should it be successful in proving its allegations, a tax evasion conviction carries substantial penalties, including the following:<\/p>\n
As many as 12 months in federal prison and no more than a $100,000 fine for each year you did not file a tax return
\nAs many as three years in federal prison and a maximum $100,000 fine for filing a fraudulent return
\nAs many as five years in federal prison and a maximum $100,000 fine for concealing or misrepresenting your financial information
\nAs many as three years in federal prison and a maximum $250,000 fine for failing to pay your taxes
\nIt goes without saying that engaging in tax evasion schemes is, at best, highly risky. In addition, the IRS is under no statute of limitations should it wish to sue you civilly for tax evasion. While you cannot go to jail for losing a civil tax evasion suit, the IRS can virtually bankrupt you by demanding back tax amounts, penalties and fees should it prevail. This is educational information only and not intended to provide legal advice.<\/p>\n","protected":false},"excerpt":{"rendered":"
WHAT CONSTITUTES TAX EVASION? On behalf of Law Office Of Scott G. Cerbin, Esq., PLLC posted in federal crimes on Sunday, September 16, 2018. As a New York taxpayer, you likely have a healthy respect for the Internal Revenue Service, if not an actual fear of this all-powerful governmental entity. You likely also do everything Learn More<\/a><\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[103],"tags":[],"class_list":["post-4349","post","type-post","status-publish","format-standard","hentry","category-federal-crimes"],"acf":[],"_links":{"self":[{"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/posts\/4349","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/comments?post=4349"}],"version-history":[{"count":1,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/posts\/4349\/revisions"}],"predecessor-version":[{"id":4353,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/posts\/4349\/revisions\/4353"}],"wp:attachment":[{"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/media?parent=4349"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/categories?post=4349"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/5dattorney.marketing\/staging\/cerbin\/wp-json\/wp\/v2\/tags?post=4349"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}