The Law Offices of Haytham Faraj , PLLC
Criminal Law Firms Chicago White Collar Crime Defense Attorney
Tax evasion is categorized as the deliberate misrepresentation or falsification of tax-related documents in an attempt to evade or underpay due taxes. A person, a corporation, or a trust may be convicted of tax evasion, often with varying degrees of punishment.
Simply making a mistake on your tax return that leads to underpaying is not considered tax evasion. There may be, however, additional fees for having to correct your mistakes and resubmit your paperwork so it is important to be as accurate as possible whenever you are filing your taxes. Additionally, tax evasion is not tax avoidance, which is considered the legal use of tax laws in an attempt to reduce your tax burden.
If you have been charged with tax evasion in Chicago, you will need the help of a criminal defense lawyer with an impressive record of success. The IRS has countless resources at hand to defeat unprepared individuals. Retain an attorney from The Law Offices of Haytham Faraj, PLLC today to balance the scales in the courtroom.
How might I be charged with tax evasion?
Filing your taxes is always going to be a complicated procedure. It can be no surprise that there remain gray areas in the process that may be exploited or misrepresented to try to pay less than the due amount, or even none at all.
Common ways to attempt tax evasion are:
- Declaring less income: If you have stated that your income (for an individual) or profits (for a corporation) are less than they actually were that tax year, the IRS may see this as tax evasion and prosecute you.
- Overstating deductions: If your eligible deductions are exaggerated or falsified – such as number of dependents or marital status – your tax burden can be illegally reduced.
- Failure to file: Simply not filing your tax return at all may be seen as attempted tax evasion under certain circumstances.
Do Not Face the IRS Alone – Seek Our Professional Counsel
While the burden of proof in tax evasion cases is on the IRS, defending yourself may be impossible. Not only do they have access to all the needed evidence, the IRS will certainly have professional attorneys on their side. Under Penal Code Title 26 USC §7201, punishments for tax evasion may be as harsh as five years of prison time and $250,000 in fines for an individual or $500,000 for a corporation.
If you – or your corporation – are being charged with tax evasion, one of the most common white collar crimes, The Law Offices of Haytham Faraj, PLLC can defend you using our collective 25+ years of experience in criminal law. Do not gamble with your future.
Contact us today for a free case evaluation.