Charged with tax fraud or evasion? Call LHA today. Free consults: (513) 338-1890.
What is Tax Evasion?
Failing to file your taxes, under-reporting your income or knowingly claiming excess deductions on your annual tax returns will land you in a criminal tax investigation. Tax evasion is defined as purposefully misrepresenting or concealing the state of one’s taxes to tax authorities in order to reduce liability.
To be found guilty of tax evasion, it must be proven that you owed a substantial amount of your income tax beyond what you declared on your return and that you knowingly attempted to get out of or around paying the tax.
If you are convicted of tax evasion, the resulting penalties are dependent upon the specific facts and circumstances of your case but will most likely entail extensive jail or prison time in addition to exorbitant fees. Additionally, a tax evasion conviction will undoubtedly have a negative impact on your life and make it difficult to keep or find employment or maintain professional licensures. Learn how a Cincinnati tax fraud and tax evasion lawyer at Luftman, Heck & Associates may be able to help.