An IRS Special Agent is a duly sworn law enforcement officer and detective trained to pursue and investigate any businesses or individuals who are thought to be guilty of tax crimes. No matter where money comes from, all income has the potential to become involved in crimes, which falls under the investigative jurisdiction of an IRS Special Agent. They are aggressive, thorough, and skilled, so reach out to Silver Law for guidance if you have been contacted by a Special Agent.

Yes, tax evasion in New Mexico is considered a serious offense with stringent penalties. Any action taken by an individual or business to avoid tax assessment – including filing a fraudulent return – can bring prison time of 5 years or more. If convicted of failure to file a tax return, you can typically expect to spend one year in prison for each year you did not pay taxes. Consult with an attorney at Silver Law to learn more.

Tax avoidance occurs when you have taken any action that will lessen your tax liability and allow an even larger tax return at the end of the tax year. Tax evasion refers to the deliberate action to not pay or underpay your taxes. Both are illegal and come with their own set of consequences, including fines or prison time. If you have been charged with tax avoidance or evasion, it is vital to consult with a reputable lawyer right away.

Conviction of tax evasion in New Mexico is considered a felony offense with severe consequences. If the IRS prosecutes you and finds you guilty of tax evasion or other tax fraud charges, you could spend up to 5 years in prison and pay a fine of $100,000. It is vital to get the protection of an experienced lawyer if you are facing charges of tax evasion.