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Louisiana Tax Fraud and Evasion in Louisiana Attorney
Fraud and Evasion Attorney in Shreveport, Bossier City, Monroe, & Ruston, LA
Facing criminal charges for tax fraud and evasion is an experience that everyone wants to avoid. The amount of stress brought on by such an investigation can be crippling due to the nature of the investigation. In fact, tax charges and investigations can be so crippling that it’s easy to attempt to avoid the situation, hoping it will go away, instead of taking action to remedy the issue at hand.
If you’ve recently been charged with tax fraud or evasion or are under questioning regarding the subject, retaining an aggressive and trusted attorney is one of the first actions you should take. An attorney who is experienced in tax fraud and evasion cases will be able to assist you by making the situation less overwhelming while building a case for your defense. They will outline the appropriate actions for you to take and inform you on how to act while under investigation – bringing hope and the opportunity for a positive outcome to what feels like a hopeless situation.
What is Tax Fraud and Evasion?
You can be charged with tax fraud or tax evasion any time it’s suspected that you have intentionally provided misinformation to the IRS regarding your taxes. Not all individuals accused of tax fraud or evasion, however, are guilty of this crime. It’s important to note that you are only guilty of tax fraud or evasion if you have intentionally provided misinformation to either the state or federal government. You cannot be guilty if you have provided misinformation to the IRS as the result of an honest mistake or poor financial counsel.
The difference between tax fraud and tax evasion at both the state and federal level lies in the details.
Tax Fraud: This is the falsifying of tax information to make a financial gain.
Tax Evasion: This is the falsifying of information or the avoidance of tax payment to avoid a tax burden.
If you’re facing charges for either tax fraud or evasion, it’s essential for you to understand the severity of the crime and the reason why you’re facing these charges. Below are the most common reasons individuals in the state of Louisiana face charges for fraud and evasion.
- Failing to file income taxes.
- Failing to report income received.
- Making false claims for returns.
- Falsifying expenses.
- Failing to maintain financial business records.
- Operating a business without registering it with the state of Louisiana.
- Operating a business under someone else’s name to avoid taxes.
Penalties for Tax Fraud & Tax Evasion in Louisiana
As with any crime, individuals who are found guilty of either tax fraud or tax evasion can face severe penalties at both the state and federal level. In the state of Louisiana, the most common and severe consequences for both tax fraud and tax evasion include hefty fines and jail time.
According to the IRS, the maximum fines and sentences for tax fraud and evasion are $100,000 ($500,000 as a corporation) and 5 years in prison, or both.
These penalties, as outlined by the IRS, are extremely serious and can impact your life immensely if you’re found guilty. In addition, being charged with tax fraud or tax evasion can damage your public image and ruin future financial opportunities you might have.
The best course of action if you’re facing charges for either of these crimes is to find trusted legal counsel to aid in your defense. Experienced tax fraud and evasion attorneys will build your case to help you prove your innocence or negotiate your sentence.
Hire an Experienced Louisiana Tax Fraud Attorney
If you live in Louisiana and are facing tax fraud or evasion charges, you have some of the most experienced attorneys available to help aid in your case. After being in practice for more than 24 years, Eric Johnson understands what it takes to create a solid defense and believes in working hard for his clients. In addition to his extremely ambitious work ethic, Eric is also a member of the National Associate for Criminal Defense Lawyers and the Louisiana Association for Criminal Defense Lawyers.
To get started on your defense today, call the John D. & Eric G. Johnson Law Firm at 318-377-1555 or fill out our online contact form for your free consultation. We are happy to answer all of your questions regarding tax fraud and tax evasion and look forward to talking to you.