A Brief Guide to Tax Fraud Charges

Tax law can be intimidating to deal with. Unless you are an accountant, a tax fraud lawyer, or someone else who deals with the fine points of tax law on a regular basis, it can be difficult to understand just what you might be doing wrong.

There are many tax fraud charges that can be brought against you. Let’s look at a few of them so that you can navigate the world of tax law with sure feet.  

Here’s What You Should Know

Tax Evasion: A person can be charged with tax evasion if he or she has willfully used illegal means to avoid paying taxes. Often, this takes the form of misrepresentation. Examples of misrepresentation include underreporting one’s income, inflating tax deductions, and otherwise hiding money from the IRS.  

Payroll Tax Fraud: We’re all familiar with the payroll tax. This is the one your employer withholds from your paychecks. Fraud occurs when the IRS does not receive the full tax amount because an employer or a payroll service has kept part of it for themselves.

Failure to Report International Income: If you have an income that comes from abroad, you should know that it is taxable! It’s never a good idea to intentionally keep secrets from the IRS, and failure to report your worldwide income is a mistake.

Failure to Report Offshore Accounts: You must report and pay taxes on offshore accounts. The use of offshore accounts such as foreign bank and security accounts, to avoid paying US taxes is not permitted.

Have You Been Charged With Tax Fraud?

There’s no doubt about it — knowing that you are facing charges of tax fraud is downright intimidating. There are a lot of facts to keep straight, but fortunately the team at the Law Offices of Robert J. DeGroot is here to help. Regardless of the specifics of your situation, you can count on us to be there for you when you need help the most.

Tax fraud litigation is a complicated business that no one wants to get caught up in, but if you find yourself being charged with a tax fraud crime, the lawyers at the Law Offices of Robert J. DeGroot can help. Having an experienced team at your side can make all the difference in the world and there’s nothing we love more than fighting to defend the rights of our clients.  Contact us now for help from the leading tax fraud lawyers in Newark.