SaveTweetTax time is stressful enough, but it becomes even more so when you realize how complex the tax laws are and how easy it would be to commit tax fraud unwittingly.
Most of us live in fear of an audit, but if it happens to you, you need to know what to expect and how to prepare. Avvo's Legal Guides will take you through everything you need to know about tax fraud, including surviving an IRS audit and dealing with penalties.
Definition of Tax Fraud
Tax fraud concerns the falsification of one or more documents (usually
tax returns) in order to reduce tax liability. Tax fraud is prosecuted under the U.S. Tax Code 7206.... more
The penalties for an individual found guilty
of federal tax evasion are up to 5 years in prison and up to $100,000 in fines
for each count of evasion. The fine in the case of a corporation found... more
Everyone hates paying taxes and everyone dreads a tax audit. However, most people don't really know what goes on during an audit. So, when you get a letter from the IRS that says "we have selected... more