Tax Fraud may transform into a criminal case

Tax related crimes in Miami city entail filing of false tax return, non payment of tax, enclosure of fake documents or complete failure of the filing process of tax return. Most people believe that by hiding their real income they can lessen their tax amount and thence can save money from the tax officials. Nonetheless, such thought can prove to be more detrimental for the taxable individual. Internal Revenue Service sets up a tax audit whenever they smell anything wrong. Therefore, to avoid such situation, you should consult any tax defense lawyer in Miami beforehand. 

In majority of the audit cases, the main target of the IRS is to accumulate the tax payable by any person along with interest and penalties. They generally levy penalties to the late filers. During the course of tax audit if IRS suspects any kind of fraud, they can levy civil tax fraud penalty on the person. The penalty amount is almost three fourth of the tax owned along with the interest on such penalty.  In such situation, the criminal tax defense lawyer in Miami can be the only person to help the taxable individual out of this problem.

The IRS officials may appoint any tax fraud specialist to handle the case. He will scrutinize whether the case should be sent for trial under criminal laws or not. The tax fraud specialist is not actually a lawyer but possess substantial experience in this type of cases. If required they may also consult the in-house lawyers of the IRS. The accused person in such situation should hire a premier Tax attorney in Miami.

The penalties for criminal tax fraud are really severe. If the allegations are proved then the individual may be sentenced for 5 years of imprisonment along with a fine of almost half a million dollars. IRS may include civil tax fraud penalties along with fines regarding criminal tax. Furthermore, criminal charges of any type means complete hamper of the family life of the person. In such situation a criminal tax lawyer in Miami is the only person to help you out of this. Nevertheless, it is vital for every person to realize the actual meaning of tax fraud.