Tax evasion is classified as a federal offense that results in serious penalties. In Kansas, any taxpayers who commit fraud to avoid paying their full tax liabilities are guilty of this crime. All individuals who are convicted of this federal crime are subject to the penalties identified under IRS Code, Section 7201.
What You Could Face
Under the IRS Code, any individual found guilty of tax evasion is subject to fines up to $100,000 and a prison sentence of no greater than five years. However, the individual is still responsible for paying the original tax liability plus interest and fees imposed by the IRS.
During these proceedings, the IRS conducts an audit of the individual’s income tax records to determine what deductions were used to avoid higher penalties. This examination doesn’t include deductions that are legally allowed or to which the taxpayer is entitled.
Any failure to pay any income tax payments owed to the IRS is classified as a felony. However, these cases possess a six-year statute of limitations. If the tax evasion occurred six years prior to its discovery, the Department of Justice could not charge the individual. Any taxpayer indicted for tax evasion should contact a Federal Defense Attorney in Junction City KS, immediately to obtain representation.
Negotiating a Deal
If the taxpayer cooperates with the Department of Justice, it is possible for them to arrive at an agreement. This could allow the attorney to negotiate a tax settlement with the federal government. However, the taxpayer is required to submit this payment according to the terms of this agreement.
Typically, the accused will plead guilty of tax evasion initially. If the court agrees on a settlement, the taxpayer must pay the agreed upon amount by the deadline identified. Failure to comply will result in federal prosecution and penalties.
Federal crimes are conducted through the Department of Justice. The seriousness of these crimes could lead to the imposition of the severe punishments based on the felony classification. Anyone who is facing these charges can hire a Federal Defense Attorney in Junction City KS by contacting Addair Thurston Chtd. immediately following their arrest.
