Saturday, September 24, 2011

What to DoIf You Are Facing Federal Tax Charges

Getting into a situation where federal tax charges have to be faced is not a predicament that any person wants to be in. Paying yearly taxes is a responsibility that every working person has to pay attention to in order to avoid such serious situations. This is true whether they own their own business or they are employed by a private company or large corporation. When a person neglects the responsibility of paying the IRS for their yearly taxes, it is a serious crime that can result in harsh federal tax charges. This particular crime is one that is considered to be a felony charge. The people that are charged with and found guilty of federal tax evasion may find themselves ending up being responsible for paying hefty fines of up to $100,000. A person that commits this type of crime is also likely to face as many as five years in prison.
Before federal tax charges are filed against a person, they are given ample time to contact the IRS to make arrangements filing for an extension. However, in many situations this is simply not enough. Seeking professional representation via an experienced criminal lawyer should be the first step a person facing federal tax charges should make. They can help to avoid frozen bank accounts, a tax levy and excessive penalties.

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