A tax controversy between an individual or a company and Internal Revenue Service can arise due to tax evasion, tax fraud or other minor mistakes. If an IRS agent feels that there is some discrepancy in a tax return like misrepresentation of income, failure to represent actual income, excessive deductions; an audit may ensue.
IRS will notify you if they want to carry out any tax audit. They will do everything to find out even the smallest breach of the US tax laws. Moreover, audits are stressful and lengthy process and invade an individual’s personal and professional life. It will be best to take legal counsel as soon as you are notified of audit or tax examination.
Efficient lawyer knows how to deal with IRS agents and what documents one may require for audit. If the audit outcome is somehow unsatisfactory, IRS has rights to bring in criminal charges of tax evasion or fraud.
When someone deliberately avoids tax payment it can be said as tax evasion. Intentionally avoiding tax is a crime. A company or an individual has to face severe penalties like 5years of prison and $100,000 fine for carrying out such a crime. If you are accused for tax evasion; contact with skilled lawyer. The lawyer will help to avoid imprisonment and harsh fines.
Failure to file tax return, sales tax fraud and failure to represent actual income can result in civil and criminal penalties. It is also a serious charge and may result in prison time and heavy fines.
If you are investigated for tax fraud or already charged with the offence, contact a lawyer immediately. A lawyer if present from the beginning will enhance chances of your release. For perfect resolution of tax issues you need to appoint a qualified and experienced lawyer.
Qualities that you should look in a tax lawyer
Every cannot save you from a tax audit or a tax case. Licensed lawyers who possess experience in dealing with IRS know how to proceed with a tax case and negotiate matters with them. If you received an audit notice from IRS, you may be sure that there are some kinds of problems. It is best to consult a lawyer at that moment.
A lawyer may examine details about your finance and be prepare to answer IRS agents. If you try to do it yourself a small mistake can cost you much. Each of your statement is vital and can be used against you in the case.