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A definition of tax evasion is knowingly avoiding paying due or mandatory taxes to the federal or state governments. Tax Evasion can result in serious fines, penalties and jail time. If you have been contacted by the IRS regarding tax evasion, consider contacting a Tax Attorney for advice or service.
Tax Evasion Help
A business, partnership or individual could be guilty of IRS or state Tax Evasion. The people involved to retain as many of their records as possible. Some may offer a compromise of payments and penalties to the IRS. a Tax Attorney can help prepare these offers, so it is done correctly.
Situations or business activities that may result in Tax Evasion include:
- Cash businesses - Contractor, Retail Store that do not report all of their income
- Claiming personal expenses as business expenses
- Not filing tax returns
- Failing to report sales tax
- Using a separate business or account to avoid paying taxes
- Transferring assets or income to other bank accounts
See also: Back taxes, Tax relief and Tax Attorney
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