Ponca City Tax Fraud Lawyers
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Ponca City Tax Fraud Lawyer
In most Ponca City tax audits the IRS is only attracted in collecting the taxes owed, along with interest plus a few penalties. Possibly the Ponca City IRS might inflict a negligence penalty or a late filing penalty fee. However, if during the tax audit the IRS suspects that you have committed tax fraud they can inflict a civil tax fraud penalty. The civil tax Fraud penalty is equates to 75% of the tax owed, plus interest on the penalty. Worse yet the IRS tax auditor might ask the tax Fraud referral specialist in Ponca City to look at your case to see if it should be sent to the Ponca City IRS Criminal Investigation unit for criminal tax prosecution. The IRS tax Fraud referral specialist is usually not a tax lawyer, however, he has experience in tax fraud cases, and will seek the advice of the IRS' own Ponca City tax Fraud lawyers for help if it seems essential.
Ponca City Tax Fraud crimes include filing a false tax return, tax Fraud, filing false documents, failure to collect employment taxes, failure to pay taxes, and failing to file a tax return.
The penalties for criminal Ponca City tax Fraud are very serious. They range up to 5 years in Ponca City jail, plus fines of up to $500,000, plus the costs of prosecution for each separate tax Fraud crime. Once the Ponca City criminal tax Fraud case is finished the IRS Criminal Investigation unit will refer the case back to the IRS Examination Division where the taxes will be assessed, and the IRS can be likely to add on the Ponca City California civil tax Fraud penalty, on top of any criminal tax Fraud fines.
"What is the difference between tax Fraud, and a simple mistake?" Generally tax Fraud involves an intentional wrongdoing. Mere carelessness is not tax Fraud.
The IRS decides whether tax Fraud has been committed by looking for badges of tax Fraud. These badges include:
If you have any of these Ponca City tax Fraud problems and the IRS audits you, you may need to engage a Ponca City tax Fraud lawyer. Actions you take during the course of a tax audit can turn a run of the mill tax controversy into a tax Fraud case. For example, lying or giving evasive answers to IRS investigators, delaying tactics, and other actions designed to mislead IRS agents are all indicia of Ponca City tax Fraud.
An experienced Ponca City tax Fraud attorney can help you navigate the treacherous waters of an IRS tax audit, and help formulate an effective strategy. Whether and when to answer questions from the IRS, or whether to stand on your 5th Amendment rights, are questions that only a tax fraud lawyer in Ponca City can help you answer. Your financial freedom, as well as your personal freedom may depend on the right answers. For example in one recent case handled by affiliated tax lawyers at Wise Laws, the IRS alleged that our client had failed to report over $200,000 in income and didn't file tax returns for more than 4 years. Nevertheless we ultimately settled the case for much less than the IRS first demanded, and without paying any Ponca City tax Fraud penalties.