The deadline for filing tax returns for income earned in 2014 recently passed. Hopefully, you were able to file on time and filled out all of the appropriate forms correctly. The Internal Revenue Service is aware of the fact that tax laws are sometimes very complicated and mistakes can occur.
The IRS typically classifies honest errors as being simply negligence on behalf of the taxpayer. Unfortunately, a taxpayer may still face penalties, even if the issues with his or her return were unintended
However, more significant than acts of negligence to the IRS are acts of tax fraud. A company or an individual may be subject to tax fraud charges if the IRS determines that any of the following occurred:
- False or fraudulent claims were made on a return.
- Due taxes were knowingly left unpaid.
- If some or all income received was deliberately left unreported.
- If an income tax return was intentionally not filed.
All of these acts could result in an individual or a company facing a federal investigation for tax fraud. Penalties for tax fraud can include steep fines and even prison sentences.
If you are ever contacted by the IRS regarding discrepancies on a tax return, you may wish to get in touch with a Louisiana white collar crimes attorney. Your chances for receiving severe penalties may be lessened if you are able to demonstrate that any problems with your returns were simply mistakes. However, if this is not the case and you fear a possible conviction, an attorney can act as your representative and may be able to help guide you to your best possible outcome.