IRS special agents often work for the criminal investigation arm of the IRS and have a wide variety of responsibilities, which include conducting audits, investigating criminal tax violations, investigating cryptocurrency crimes, gathering evidence for criminal tax violation cases, forensic accounting, investigating money laundry, and many other tasks related to investigation and prosecution of tax crimes. Being contacted by an IRS special agent can be overwhelming, but you don’t have to face the situation alone when you call the trusted Las Vegas tax attorneys at Silver Law, PLC, for advice and representation. We are ready to help you!

Tax attorneys and Certified Public Accountants (CPA) are similar but different professionals who can help taxpayers with their taxes, records, and financial planning. CPAs provide valuable services, including tax preparation, assistance with payroll, bookkeeping, financial documentation, fraud prevention, business structure, and budgeting advice. A tax attorney is a trained and experienced lawyer who can provide legal advice on taxes, provide representation in mediation and litigation, and can write legal documents on your behalf. If you’re facing allegations or charges on a tax-related matter or are undergoing an audit, you’ll want to work with a Las Vegas federal tax attorney.

Tax evasion is any attempt to reduce your tax liability through deceit, concealment, or omission, and is a crime that is taken seriously by the IRS. Many situations can qualify as tax evasion, but the most common include:

-Underreporting or omitting income on your tax return
-False entries in your records
-Keeping two sets of books for your business
-Overstating or falsifying deductions on your tax return
-Claiming personal expenses as business expenses
-Hiding assets, such as by transferring them to another person or an offshore account

All of these activities are illegal and can result in serious prosecution from the IRS.

Anyone can be prosecuted by the IRS for tax evasion. Generally speaking, businesses, high income earners, owners of cryptocurrency, and owners of offshore accounts are more likely to be audited and prosecuted because they have more options for hiding, transferring, or concealing their assets and income than other individuals do. But no one is immune to an audit or allegations of criminal tax evasion, which is why it’s imperative to keep accurate and detailed records, complete your tax forms honestly, and seek legal advice regarding your tax obligations. If you’re facing prosecution for tax evasion, immediately contact a trusted Las Vegas criminal tax attorney for representation and advice.

Although they sound similar, there is a significant difference between these two approaches to taxes. Tax avoidance is legal and is the process of lowering your overall tax obligations through careful transactions and financial planning. Individuals and businesses may take advantage of tax incentives, deductions, charitable contributions, and many other elements. Tax evasion is a criminal activity in which information is deliberately hidden, omitted, or falsified in order to reduce tax liability. Ultimately, the distinction may come down to whether the person had fraudulent intent.

There are many situations when seeking assistance from a Las Vegas tax fraud attorney is imperative:

-If you’re facing an IRS audit
-When you want to contest or negotiate an outstanding tax bill
-Whenever you need representation against the IRS
-If you’re facing allegations or charges of criminal tax activity, such as fraud or evasion
-Your spouse is facing criminal tax charges and you did not know about their activities
-You have questions about how to report your international income or accounts
-When you need guidance on how to structure or re-structure your business
-Anytime you have a tax dispute or controversy

Not everyone needs to file a tax return each year. However, the penalty for not filing is worse than the penalty for a late filing, so you should consult your Las Vegas tax attorney firm for guidance if you are wondering whether you’re eligible not to file a tax return. Individuals and businesses who are required to file a tax return and fail to do so will face penalties from the IRS. For most people, this will be 5% of their unpaid tax liability for each money that their return is late, up to 25%. The IRS can also assess fines and interests, tax liens, and even criminal charges, depending on the circumstances. Failing to file taxes when you’re required to do so also means you will not be able to claim your tax return if you’re owed one.

If the criminal investigation arm of the IRS is investigating you, there may be several signs. Your bank records and your accountant may be subpoenaed, an IRS auditor from the collections or examinations division who was in contact with you may stop communicating with you, previous tax returns may be selected for an audit, you may receive an unusually large number of document or bank record requests from an IRS agent, or you may receive many questions of intent from the IRS agent who is examining your records. In some cases, an IRS special agent may come to your home or business seeking information. Taxpayers should immediately contact a Las Vegas criminal tax lawyer for advice if you are facing any of these situations.