What is Tax Fraud?

Tax fraud occurs when an individual or business entity willfully and intentionally falsifies information on a tax return to limit the amount of tax liability. It essentially entails cheating on a tax return in an attempt to avoid paying the entire tax obligation.

Can I Be Charged?

If you commit tax evasion or fraud, the IRS can prosecute you and send you to jail. Generally, most tax crimes carry a maximum five-year prison term and a fine of $100,000. The same conduct which constitutes criminal may also be considered civil.