Every year, you may have a sense of dread when it comes to filing taxes. To make matters worse, you may be charged with a tax crime, even if you were unaware that you broke the law in the first place. In Minneapolis, and other cities in Minnesota, there are a wide variety of tax crimes that you could be accused of committing, which carry stiff penalties. At Joseph S. Friedberg Chartered, we know how stressful, complicated and serious legal matters involving taxes can be.
When it comes to taxes, you could be charged with a plethora of violations. For example, you may be accused of tax evasion, making a false statement on your return or failing to pay taxes that are owed. According to the Internal Revenue Service, tax evasion charges can lead to five years of imprisonment and up to $250,000 in fines (the fines are doubled for corporations), while lying on your return could lead to one year behind bars and $100,000 in fines.
From harm to your reputation to prison time and fines, tax crimes can throw your life into turmoil. If you have trouble making sense of tax laws, it is critical to avoid breaking them. Additionally, if you have been accused of a tax-related offense, you should make sure you fully understand your options and handle the situation properly. Unfortunately, some people are accused of tax crimes they never even committed.
If you take a look at our page on tax fraud, you can review additional information concerning tax violations.