What Is Tax Evasion

Has the IRS accused you of tax evasion? There are serious consequences for this charge, so it’s best to speak with an attorney right away. Call the W Tax Group to get things straightened out—before it’s too late.

Deliberately underpaying or attempting to hide your assets is known as tax evasion, and it is a crime. The list of reasons for not wanting to pay taxes is long, but the IRS won’t care much about your reasons. They’ll assume you’re deliberately trying to avoid paying your taxes.

Truthfully, it doesn’t really matter why you didn’t file or concealed assets; what matters is getting the matter handled now so you don’t end up dealing with consequences that could truly change your life.

You don’t want to go to jail for tax evasion. As it is, you will likely already be forced to pay penalties and interest. Contact a tax evasion lawyer with our office and take that first step toward facing your tax issues and putting this whole mess behind you.

Types of Tax Evasion

Tax evasion is a broad term that can refer to several actions. Generally, true tax evasion is going to involve the taxpayer—whether the taxpayer is an individual or a business—attempting to conceal taxable assets from the IRS or avoid paying what they truly owe.

The following are some common examples of tax evasion:

  • Exaggerating tax deductions
  • Holding property in someone else’s name
  • Hiding sources of income
  • Destroying tax records
  • Filing a false tax return
  • Maintaining a double set of books

Consequences of Tax Evasion

If you didn’t purposely set out to deceive the IRS, such as by falsely reporting your income, then it’s unlikely that you will go to jail or prison for tax evasion. That being said, there are still many consequences you could be hit with if you did, in fact, commit tax evasion.

Here are some of the most common things that can happen to you when the IRS finds out that you haven’t paid what you truly owe in taxes:

  • Penalties
  • Interest
  • Criminal charges
  • Liens
  • Jail or prison
  • Loss of your Social Security benefits
  • Loss of your personal property (vehicles, houses)
  • Damage to your credit
  • Loss of your passport

It’s generally better to at least file your tax returns truthfully and then work on figuring out how to pay your taxes later. A tax evasion attorney can help you to find a program that will square you with the IRS.

Reach Out to a Tax Evasion Attorney

If you’re worried about getting your tax situation under control before the IRS takes action, you should speak with a lawyer right away. Being criminally prosecuted for tax evasion may be unlikely, but it does happen. The most important thing to focus on right now is getting your true tax returns prepared and filed as soon as possible.

Contact our office. We’ll work tirelessly to get your returns filed and help you come up with a plan to pay any back taxes owed. Call the W Tax Group to talk with a tax evasion lawyer during a free tax liability assessment. Call 1-877-500-4930