The tax evasion or tax fraud can result in both criminal and civil penalties. If you commit tax fraud, you may be subject to both civil and criminal (federal) investigation. Facing investigation is not an easy task. Once the investigation starts, you may never get out of one. Even if the investigation stops, the IRS will still keep tabs on you for future. So, make sure that you always pay your taxes and never try to defraud the IRS. You should study and know all the Prince William Virginia Tax Fraud and Tax Evasion Laws. When you know the law, you will file the tax returns correctly.
It is not easy to file a tax return. There are hundreds of questions in your mind. Every individual has a different state. For example, you may run a small grocery store. The tax returns for that will be different. You may own multiple properties in the state and outside the state. So, you would want to know if your tax return will include the tax for the property which you have outside the state of Virginia. If I am a resident of another state but want to buy property in Virginia, will I have to pay tax for that property? There are so many questions, for which you need an answer. It is always a good idea to take help from a tax attorney. The tax attorney is the professional who will help you answer all your questions and then prepare a tax return.
Civil and Criminal penalties for tax frauds in Virginia
If you are involved in tax fraud or tax evasion, then you will have to pay charges. The charges for tax fraud in the state of Virginia are $2500 or one year in prison. It is the state penalty. The civil penalty for tax evasion in Virginia is a 100% of the actual tax. It happens if an individual fails to file a tax return or refuses to file a tax return to evade taxes. If you are facing tax evasion penalty, you should contact an attorney. The tax attorney is the best person who can help reduce the charges against you. You should always look for a competitive and a professional tax attorney such as one form us at SRIS law group. Our lawyers specialize in tax evasion and tax fraud cases. We know all about the Prince William Virginia Tax Fraud and Tax Evasion Laws. We also understand that the laws keep changing. Our lawyers are always ahead of time and keep updated about the latest changes in the state laws. It is why you can rely on us. We never give away false law information. We will ensure that you get all the answers to your questions for tax and tax fraud laws.