Tax Fraud Attorneys Based in Houston
Tax fraud is a serious crime. If during an audit, the IRS discovers that you had committed tax fraud, the consequences are quite severe. You could receive a civil tax fraud penalty equal to 75 percent of the tax owed, plus interest. In addition, the IRS’ Criminal Investigation Division could get involved and start investigating you for criminal tax prosecution. This is a problem that you can’t ignore or won’t go away on its own. If you are accused of tax fraud by the IRS, contact Houston tax fraud defense attorneys at Pro Tax Councel right away.
The Penalties of Tax Fraud
If you are charged with any type of tax crime, such as false tax returns, tax evasion, or failure to pay taxes, the penalties are high. They can range from five years in prison, up to $500,000 in fines, and include any court costs. And this is just for one tax crime. You could be accused of several once the IRS Criminal Investigation Division is done with its investigation. And let’s not forget any tax fraud penalties you will have to pay the IRS.
What If It Was a Mistake?
Generally when the IRS suspects you of tax fraud, it has found certain factors that set off a red flag. Some of these factors include:
- Inadequate records
- A failure to file your tax returns
- Concealment of assets
- Failure to make tax payments
- Engaging in illegal activities
Chances are if you aren’t doing any of these activities, you are not under investigation. However, if you are being audited it’s still wise to hire a tax fraud defense attorney in case something occurs. Remember, you have confidentiality with a lawyer that you would not have an accountant. Don’t wait much longer. Contact the Houston tax law firm Pro Tax Councel for a free consultation.