Clearwater Tax Fraud Attorney
Those that commit tax fraud put themselves at risk of spending up to five years in prison and paying out fines of up to $250,000, depending the the level of fraud. However, the more serious the fraud, the higher the penalty. If the prosecution finds you guilty on multiple levels of fraud, the punishments can stack up. For example, in recent news the ringleader of a tax fraud scheme that attempted to defraud the Internal Revenue Service (IRS) $108 million, and succeeded in procuring $28 million in the process, was sentenced to over 19 years in prison and a fine of more than $28.2 million, according to the Sun Sentinel. Tax fraud is knowingly falsifying documents or giving out false information in order to defraud the government. According to IRS statements as described in Fortune, tax evasion costs the U.S. government $458 billion annually. With only roughly $50 billion of that being retrieved, on an average year, the tax gap is a little over $400 billion each year. With so much money being diverted from its rightful ending place (back into the U.S. economy via refurbished roads, schools, law enforcement, etc.), the government pursues alleged tax evaders with the full force of the law in order to dissuade others from taking the same measures. Contact the Clearwater law office of Roman & Roman today to speak with one of our Clearwater tax fraud attorneys.
Some of the Most Common Types of Tax Fraud, Including Identity Theft
Listed below are some common types of tax fraud that individuals or groups use to evade paying their fair share of taxes or to illegally gain information or assets of another:
- Identity theft occurs when an individual gains access to another’s Social Security number and other private information in order to file a tax return in their name and collect the money, or commit another crime. This is often done over the phone or internet. Phishing is a prime example of identity theft, made via an email that directs the victim to the IRS website to enter their personal information, only the IRS website is a fake;
- Tax settlement scams take a fee from individuals who owe a debt to the IRS. The company promises to settle the debt, though such settlements are very rare and not done through a third party company;
- Listing unearned income, omitting earned income, falsifying expenses, and other willful misinformation made on tax returns is one of the most prevalent types of tax fraud; and
- Con artists sometimes present themselves as tax preparers, which can often trick the elderly or those without English as their first language.
Call a Clearwater Tax Fraud and Evasion Criminal Defense Attorney as Soon as Possible
If you have been charged with tax fraud of any kind, you need legal counsel at once. Contact the law offices of Roman & Roman for experienced, aggressive representation. Tax fraud is a federal offense and can send those convicted of it to prison for years or decades. Call our Clearwater tax fraud defense attorneys at 877-767-1032 today for a free consultation.