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IRS CRIMINAL PROSECUTION POLICIES – LATE RETURNS
Late or delinquent tax returns are a major federal offense, called a felony. The maximum criminal penalty if you are caught and prosecuted for attempting to evade or defeat the federal income tax is $100,000.00 and 5 years in prison for EACH YEAR. Mere late filing or nonfiling can trigger this severe sentence. The penalty for a small corporation is $500,000.00 plus 5 years in prison for EACH YEAR. Special criminal penalties are also applicable to the simple nonfiling of the return: $25,000.00 ($100,000.00 for a corporation) and 1 year in prison for EACH YEAR. This can be brought as a separate charge. However, if you take care of the problem properly before you are caught, the chances of a prosecution can be reduced to almost nil.
We can help you avoid these incredibly severe criminal penalties for late or delinquent tax returns by explaining the internal policies of the IRS and helping you to resolve the issues, in almost all cases without being prosecuted. Of course, no one can guarantee that you won’t be prosecuted for tax crimes, but we can reduce your risk tremendously and give you peace of mind. Come see us to discuss your situation and hear how you can avoid the wrath of the IRS. All communications with our firm are completely confidential. Call us today at (408) 559-8990.
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