Consequences of Tax Evasion And How To Avoid Them
Tax Evasion is defined as an illegal attempt to avoid payment of taxes that are owed to the IRS. This is without question the most serious tax issue that individuals can face as it involves criminal action. The consequences of tax evasion can range from small fines all the way to jail time, depending on how serious the evasion incident is and whether you take charge of the situation to resolve it or wait until the IRS comes knocking at your door.
Some Common Examples of Types of Tax Evasion:
- Failing to report income (usually received in cash)
- Hiding money in overseas accounts so that one can take alternative deductions
- Taking deductions on your business tax return for unrelated or personal expenses
- Reporting less than one’s full annual income
- Failing to report property
- Overestimating charitable deductions
What can you do?
There’s one very important thing to realize if you believe that you might have committed some type of tax evasion. If you come forward on your own and make contact with the IRS and file amended (and corrected) tax returns, the IRS very rarely pursues criminal charges. Issues of tax evasion are much more common than you might expect and, if handled correctly, can often be resolved without serious legal consequences.
Success Tax Relief is a full service tax company that has extensive experience working with customers who have decided to battle their serious tax issues head on. We work with countless individuals who are ready to reconcile an instance of tax evasion.
We advise all of our clients to bring us all of your filed returns, income statements, and other tax related paperwork so that we can conduct a thorough review and work with you to develop a plan to help you resolve these issues once and for all. We understand that these tax problems are very complicated and often do not even necessarily involve purposeful violation of tax law. Our tax specialists are very sensitive to this and we work without any judgment and with the assumption that you have the best of intentions in taking this important step toward resolution.
Imagine the incredible relief you will feel when you take steps to confront this looming issue once and for all. No more sleepless nights, no more worry that your property or salary might be taken and no more worry that you might have to spend time in jail because of your mistake. We can help. Success Tax Relief works directly on your behalf with the IRS to settle your tax issue in a way that works for both you and the IRS. It takes the pressure off of you and keeps you from having to communicate directly with the IRS, which can be stressful and time consuming.
Do not wait…contact Success Tax Relief Today!
The smartest thing that you can do once you decide to face your tax problems is to call a tax firm for help. Experienced tax specialists are available right now to help you get started. Call Success Tax Relief today at 1-877-825-1179 and get these issues where they belong…in the past!