The penalties for tax fraud vary depending on the exact type of fraudulent act allegedly committed. Willful tax evasion is a felony offense and can result in up to 5 years in jail plus $100,000 to $500,000 (for a corporation) in fines for each count of evasion. Fraud crimes such as sales tax fraud, failing to report income, failure to file a tax return or filing a false tax return can result in civil and criminal penalties being assessed for each instance of the offense.
