It goes without saying that nobody wants to pay taxes. Of course, you realize that this is not an option. For this reason, you know what's expected of you and you follow the law down to every last detail in Minneapolis.
Unfortunately, as of late, the government has begun to crack down on tax fraud. There are many potential reasons for this, including a slow down in the economy. Regardless of why the IRS is taking a hardline stance, you need to do whatever it takes to avoid trouble.
Before we go any further, keep in mind that a basic tax mistake is not the same as tax fraud. Instead, an honest error can be cleared up soon enough so you can move on.
Some of the most common types of tax fraud include:
-- Neglecting to file a final tax return.
-- Purposefully underreporting or failing to report income.
-- Payroll tax violations
-- Illegal offshore accounts
-- Fraudulent deductions
Remember, you can be charged with tax fraud as an individual or company. Furthermore, the end result can be as serious as time in prison and steep fines.
If you have reason to believe you're being charged with tax fraud, it's time to consult with an experienced law firm.
Don't wait to contact us online or via phone. Our team is here to review your case, provide advice, and make sure you have a strategy for moving forward. This isn't something you want to deal with, but now that it's in front of you it's time to take steps towards protecting your rights.