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Tax Evasion and Fraud Could Lead to 25 Years in Prison

Tax evasion is a serious charge. The consequences, including criminal prosecution, can be very serious, leading to severe financial penalties and federal prison time.

If you have been contacted by the Internal Revenue Service (IRS) on a tax dispute that alleges tax evasion, you want an experienced tax attorney representing your interests, as the damage from mistakes with your defense can make a difficult situation much worse.

If you do not work for the IRS Criminal Investigations division or within the Department of Justice, you may not know anyone who has been prosecuted for tax evasion or other serious tax fraud and are unlikely to understand the stress such a prosecution brings.

A recent case illustrates this point, where a man who ran an investment business accepted client funds for investment purposes and instead used the money for his personal benefit.

He was charged with tax evasion and wire fraud and pled guilty in Pennsylvania. As part of his plea agreement, he will forfeit more than $1 million and other property, including $28,000 in cash, four luxury vehicles, construction equipment and real estate.

In addition, he could be sentenced up to 25 years in prison and then serve an additional six years of supervised release. He also is facing a $500,000 fine on top of the forfeiture of his other assets.

This case involved one other odd twist. When police arrived at his home to serve a warrant, they found him injured, as a result of an apparently self-inflicted knife wound. No matter what type of a tax dispute you may have with the IRS, the stress of the case can be intense.

While your attorney cannot eliminate all of the stress, they can help you make informed decisions for your case and prevent inadvertent errors from making your situation more difficult.

Citizenvoice.com, "Hazle Twp. man accused of tax evasion misses hearing, found injured," September 10, 2014

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