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Understanding tax fraud charges

On Behalf of | Aug 23, 2018 | Firm News, White Collar Crimes |

Every April, that dreaded day come; tax day. While there is no escaping it, it is a very daunting time for some individuals in Louisiana and elsewhere. However, it is essential to take the time to complete any necessary tax forms, paying anything due because failing to do so could result in criminal penalties for tax fraud.

When considering the number of taxpayers there are in the entire nation, roughly one percent of them represent those convicted of a tax crime. Another 17 percent make up the taxpayers that fail to comply with the tax code in some way or form. And when tax fraud does occur, it is the individual taxpayers and not the corporations that make up 75 percent of income tax fraud.

Income tax fraud occurs when one fails to file an income tax return, willfully fails to pay taxes due, intentionally fails to report all income received, makes fraudulent or false claims or prepares and files a false return. However, tax code is complex and can be difficult to navigate. Mistakes can be made. Thus, when an individual is accused of tax fraud, it is important to consider defense options.

One could prove that he or she did not intentionally or willfully commit these acts. By considering what evidence you could use to help your defense action, a defendant could reduce or avoid the penalties associated with this crime, which is often heft fines and prison time.

Facing a white collar crime is a serious situation. It is one that carries with it serious penalties. Whether it is a financial crime or any other form of crime, it is important to understand the elements of the crime and the evidence available. This could help the accused build up a strong defense that helps them reduce or dismiss the charges against them.