The IRS takes all cases of tax evasions seriously. Although the IRS encourages taxpayers to take all possible legal steps to reduce their tax liabilities, intentional avoidance of tax payment can have a number of undesirable consequences, starting with an IRS tax evasion investigation. That is when taxpayers need the expertise of an IRS tax lawyer who can investigate the finer lines of the case and help them find their way out.
Possible Penalties for Tax Evasion
There are 3 common legal actions that the IRS takes to deal with cases of tax evasion. First, it can impose a fine of up to $250,000 on defaulting individuals, and double the amount on businesses. Secondly, it can put a legal claim on personal property in the form of a lien, and it does not release it until the taxpayer pays the due taxes in full. Lastly, the IRS can take criminal action to prosecute and imprison a taxpayer with a sentence term lasting up to 5 years.
How We Can Help
If you have received a notice from the IRS citing a tax evasion investigation, the IRS tax lawyers at The Law Offices of Nick Nemeth can help. We aim at resolving all IRS tax-related issues in the most amicable way at an early stage without any escalations. You can rely on the expertise of our lawyers to navigate complex tax issues including tax evasion and provide comprehensive assistance to help you clear any outstanding taxes.
Speak with an Expert, Today!
Receiving a notice for an IRS tax fraud investigation is a matter of grave concern. Tackle the problem head-on before it gets out of hand. If you need an IRS tax attorney in the state of Texas, simply call (972) 484-0829 or fill out the contact form for a no-obligation, free consultation with Attorney Nick Nemeth.