Thursday, December 31, 2009

Tax fraud lawyers

By Will Smith

Although we would like to believe that just the odd few people decide they do not want to pay their taxes to the government, this is not the case as many businesses fall foul of tax laws as well. This is of course against the law and a person of company found attempting this act is committing a crime. The act of flaunting the rules and laws institutionalized for the proper functioning of the government is considered a serious offense. Despite the seriousness, crimes such as tax evasion are often referred to as 'white collar' owing to the type of person or company that commits them.

Tax fraud is a general term used to refer to offenses such as tax evasion, non-filing of tax returns, forgery, non-declaration of assets and income, misrepresentation of conditions for the purpose of tax exemption and other such actions related to the payment of taxes. Tax fraud lawyers are specialized attorneys that deal with issues of tax fraud and represent clients who are accused of tax fraud.

A tax fraud lawyer however, does not help people complete tax returns and usually only becomes involved when the IRS has accused a person or company of tax irregularities. They are often hired to help clients who suspect they may be under investigation or where they have already been warned hat charges will be forthcoming. Imprisonment is not always necessary though and a good tax fraud lawyer will try to negotiate a settlement between the authorities and his client so that their liability is lessened.

Strangely, not all cases of tax fraud are carried out with intent to defraud the government but are done in ignorance of tax laws. The situation can also be the result of poor advice from a tax consultant which is normally able to be rectified.

When this is the situation then the lawyer will attempt to have the punishment reduced and sometimes dropped altogether. To ensure you do not become a victim of tax fraud, ensure that the person or company you employ to look after your tax liabilities is fully trained and accredited.

The normal approach by a tax fraud lawyer will be too reason the argument that prosecuting the individual or company will not serve the public interest as recovery of the taxes owed is less likely. The authorities ultimately want the tax liability to be paid so a good tax attorney will pursue the option of regular tax payments instead of prosecution and a custodial order.

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