Being charged with tax fraud can be a long term nightmare if it is not handled correctly. It can take years to undo the damage of these charges, along with the extensive costs of back taxes, penalties and interest. If you want to avoid jail time, for the most part, the best advice is to file and pay on time. But we know that doesn’t always happen so let’s assume that you didn’t do that. What next? If you have been charged with or are under investigation for tax fraud, it is in your best interest to speak to an experienced Newark tax fraud attorney about your case.

1. The most obvious way to avoid jail time for tax fraud is to simply file and pay your taxes on time.

2. Open your mail from the IRS and respond appropriately. Ignoring the problem won’t make it go away – it actually makes it worse! If you’ve been chosen for examination or if the IRS has asked you to provide additional information about your return, it means you’re already on their radar.

3. Cooperation if you’re under examination / being audited. Speaking from experience, while there are guidelines that lead to criminal inquiries, there is some wiggle room – but not for folks who are not cooperative.

4. Be consistent. There is no privilege that applies when talking or making disclosures to IRS as opposed to state or other agencies.

5. Don’t destroy records. Destroying records can be a crime – and you definitely don’t need additional charges.