Selig & Associates - It all adds up!
Unpaid Income Taxes. Unpaid Payroll Taxes. Unpaid Sales Taxes. Unfiled Tax Returns. Offers in Compromise. Innocent Spouse Relief. Penalty Abatements. Levy & Wage Garnishments.
Felony Charges in Criminal Tax - Attempt to Evade or Defeat Tax (26 U.S.C §7201)
Tax evasion is when a taxpayer willfully (meaning voluntarily and intentionally) using illegal means to avoid paying their taxes. This charge can apply to an individual or corporation and carries a punishment of up to $100,000 in fines ($500,000 for a corporation), or five years of imprisonment, or both. Examples of tax evasion include claiming a dependent when you do not have one, keeping two sets of books with unreported income, or concealing assets by placing them in someone else’s name. The statute of limitations for tax evasion is six years from the last act of evasion. It is important to note that while criminal tax evasion is a felony, this is different than failing to file your tax returns. If this sounds familiar, call us directly, we can help.