Murfreesboro Tennessee Tax Fraud Defense Attorneys
The government is aggressively pursuing potential tax fraud cases. Our attorneys are here to fight for you.
Tax fraud, or tax evasion, means that a person has intentionally not paid or underpaid their taxes. The intent requirement is important. Don’t live in fear that you may have made a mistake on your taxes and will thus be subject to federal criminal charges. The government needs to be able to show that you were intending to defraud the IRS. Tax fraud can occur in several different ways, all resulting in severe federal criminal penalties if you are found guilty of this charge.
The Tennessee tax fraud defense attorneys at Kidwell, South, Beasley & Haley know a looming tax fraud charge can bring your life to a screeching halt. Our aggressive tax fraud defense attorneys protect our clients and advocate for them as soon as there is a suspicion of an impending tax fraud charge. The earlier things are addressed, the better.
What is tax fraud in Tennessee?
Tax fraud is considered a white collar crime because it involves deception motivated by financial gain. Investigations into tax fraud usually begin at the tax auditing stage. If the IRS believes that you have committed tax fraud or tax evasion, they may ask that your case be reviewed and sent to the IRS Criminal Investigation unit for federal criminal prosecution.
There are different ways of committing tax fraud. These include:
- Not paying your taxes
- Not filing a tax return
- Not collecting employment taxes
- Evading taxes
- Filing a falsified tax return
- Filing falsified documents
With so many people filing taxes and tax documentation, the IRS tends to simplify identifying potential tax fraud by looking for certain red flags. The following are the types of red flags that will draw the attention of the IRS:
- Hidden assets
- Failing to file a tax return
- Failing to make estimated tax payments
- Dealing in cash
- Understated income
As a federal crime, tax fraud is considered a felony. Conviction of this crime can put you in prison for up to 5 years. Additionally, you can incur fines of up to $500,000. You will also be responsible for the cost of prosecuting each separate tax crime you are charged with.
If you are audited by the IRS under suspicion of having done any of the above, contact a federal criminal tax attorney right away. The audit is just the beginning and how you deal with things early on can determine the rest of the proceedings.
The time to act is now.Our dedicated Tennessee tax fraud attorneys are here to advocate for you from the moment you suspect tax fraud investigation.
Tax fraud. Audit. Federal investigation. Criminal charges. These are all stress-inducing terms. Tax fraud cases are legally complicated with high stakes involved. The experienced Tennessee tax fraud attorneys at Kidwell, South, Beasley & Haley have a thorough understanding of these case types and aggressively defend our clients. Contact Kidwell, South, Beasley & Haley today online, or call 615-893-1331 to schedule a free consultation.