Have a Tax Question? Ask a Tax Expert
When someone is charged with tax evasion several questions may be asked. These may consist of what is income tax evasion? What are the tax evasion fines? Also, what is the tax evasion statute of limitations? You can read below to find these answers by the many Experts regarding tax evasion questions.
Tax evasion is commonly known when a person deliberately chooses not to pay their income taxes that are due. In most cases of tax evasion it is from where the individual has not provided enough information on their annual taxable income. This can result in some serious consequences because tax evasion is considered fraud.
Often when individuals suspect tax fraud they are unaware on how to report tax evasion. You can read below on how to report tax evasion.
When reporting tax evasion you will need to gather as much information on the person. This may include their name, address, and tax number. You will need to file a report with the Internal Revenue Service (IRS). Most states and some local tax authorities have a website you can file the report on. Many state tax departments have a hotline you can call to your information on tax evasion.
Any person convicted of a felony is expelled by federal law from owing any type of firearm. Especially anyone convicted of a crime and sentenced time in prison for more than one year. The punishment for a felon that gets caught with a firearm or ammunition can serve up to 10 years in prison. In most situations, gun rights are not usually restored.
There is not a specific time frame or dollar amount that is set forth to determine when tax evasion would be considered. The reason for there not being one is individuals that actually anticipate evading the government would just violate the law to that point. When it comes to this matter one violation is enough to be considered tax evasion.
When someone commits tax evasion it is the act of purposely not paying their taxes. This is a criminal violation of the Federal Law. However, you can keep from paying taxes and this would be considered tax avoidance. The only way an individual could get away with not paying their taxes is if they were to follow the accepted laws for tax avoidance.
If someone is undergoing allegations of tax evasion charges, or has suspicion someone may be committing income tax evasion, he/she may not know where to seek answers to questions that may arise. For individuals seeking information and answers they can turn to the thousands of available Experts.