The beginning of February marks one crucial moment in everyone’s lives: the mailing of your W-2s! It’s not exactly the most exciting of moments, but it is an important one nonetheless. As the next couple of months roll by, taxpayers all across the country will be using their W-2s to pay their taxes before the April 15 deadline. Given the prominence of taxes this time of the year, it is important to remind everyone out there that tax evasion is a seriously crime, but one that many people are falsely or inadequately accused of.
Tax evasion is considered a “white collar crime” and it occurs under many different circumstances. Someone could fail to pay their taxes at all. Others may fail to adequately report their income. Others still may manipulate their situation to purposely misrepresent themselves in a tax filing. All of these conditions could lead to the filing of tax evasion charges.
For individuals, never forget that you have rights when you are charged with tax evasion. This is a complex area of law and there are effective ways for you to combat any claims made by the IRS. For businesses, it is important to remember that errors in filing can cause tax evasion charges. If your business primarily deals in cash, then it can be easy to underreport your figures. Addressing these things as early as possible is imperative.
Tax evasion and tax fraud are serious charges, and no one should take them lightly. At the Law Offices of Michael V. Cibella, we have the experience to help you with your tax-related legal matters.