In the US, over $10 billion is caught yearly in tax fraud. The scary part is that of those cases the IRS audits, they have a conviction rate of 90%. When a person has been charged with such a crime, it’s essential to have Rolling Meadows criminal tax defense lawyers assisting.
Omissions
One of the easiest ways to get caught in tax fraud is by omitting things from a tax return. Are investments, cash sales, transactions, or other business ventures left off the return? Uncle Sam has high-tech scanning devices that can quickly identify issues within a tax return.
For instance, if a 1099 document was reported in the filers name for $20,000 but failed to report it on their taxes, the system will catch it. The IRS will either audit the return, correct it within, or send out a mail examination.
The system will automatically flag the return when it goes through their processing system. While it could be a simple oversight or the person didn’t get the document, the IRS doesn’t see things as harmless omissions. They tend to view things as deliberate attempts to keep from paying taxes.
Embellishments
Another common way to be caught in tax fraud is by embellishing deductions and dependents. Each return is checked with others in the acceptable margins and other returns from the past few years. Anything that seems inflated or out of line with the area and other returns can be flagged.
Tax Fraud Help
Being faced with a criminal charge can be scary, especially when dealing with the IRS. Lying on the tax return or not paying the government is a crime, and it can be punishable by interest and penalties as well as jail time.
Rolling Meadows Criminal tax defense lawyers like North Suburban Legal Services, LLC can help those facing legal troubles. Contact them for immediate assistance.
