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Arizona Accountant Charged with Two Counts of Tax Evasion, Faces Prison Time

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    According to a Department of Justice press release, an Arizona accountant was recently charged with two counts of tax evasion after allegedly underreporting hundreds of thousands of dollars of income and evading the payment of more than $99,000 of federal income tax. This story should serve as a reminder to those who have similarly failed to comply with federal or state tax laws. If you have failed to file a tax return for one or more years or have intentionally underreported income, fraudulently inflated deductions, or claimed tax credits to which you were not entitled, it is in your best interest to contact an experienced tax defense attorney as soon as possible.

    Defendant Allegedly Underreported Hundreds of Thousands of Dollars of Income, Used Nominee Bank Accounts

    Court records reveal that Kent Jensen, 58, a resident of Gilbert, Arizona, worked as a financial consultant between 2014 and 2015. During those years, Jensen established several nominee bank accounts and directed the payment of his fees into such accounts from which he proceeded to pay for his personal expenses. Using the nominee account structure, Jensen was able to avoid reporting the income he had earned on his federal income tax returns.

    If convicted, Jensen faces up to five years in federal prison for each count of tax evasion. Additionally, a conviction would likely result in a term of supervised release. Finally, Jensen would be ordered to pay restitution to the IRS, representing the amount of tax loss that he allegedly caused. Jensen’s arraignment is scheduled for March 18th.

    Getting Right with the Government When You’ve Fallen Behind

    The set of circumstances described in the story above is not an anomaly. In other words, there are hundreds of thousands of Americans who have intentionally duped the IRS as a part of their annual tax filings. Nonetheless, the feeling that such a taxpayer is a small fish in a big pond is unwarranted. The IRS has, over the past several years, ramped up its enforcement efforts, including the technology that it uses to catch tax cheats. Additionally, the IRS has recently beefed up its revenue agent staffing to ensure that they are able to pursue even more taxpayers that are suspected of having broken tax laws.

    If you have failed to file your annual tax return, as required by federal law, or have been dishonest about your income, deductions, or credits when completing your tax return, you should consider consulting with an experienced tax defense attorney as soon as possible. Working with your seasoned tax lawyer, you will establish the pertinent facts of your case and work to develop a strategy that keeps your physical and financial freedom top of mind. Additionally, while you are being represented by your tax defense lawyer, you won’t have to go up against the IRS alone.

    Note: As long as a taxpayer that has willfully committed tax crimes (potentially including non-filed foreign information returns coupled with affirmative evasion of U.S. income tax on offshore income) self-reports the tax fraud (including a pattern of non-filed returns) through a domestic or offshore voluntary disclosurebefore the IRS has started an audit or criminal tax investigation / prosecution, the taxpayer can ordinarily be successfully brought back into tax compliance and receive a nearly guaranteed pass on criminal tax prosecution and simultaneously often receive a break on the civil penalties that would otherwise apply. 

    It is imperative that you hire an experienced and reputable criminal tax defense attorney to take you through the voluntary disclosure process. Only an Attorney has the Attorney Client Privilege and Work Product Privileges that will prevent the very professional that you hire from being potentially being forced to become a witness against you, especially where they prepared the returns that need to be amended, in a subsequent criminal tax audit, investigation or prosecution.

    Moreover, only an Attorney can enter you into a voluntary disclosure without engaging in the unauthorized practice of law (a crime in itself). Only an Attorney trained in Criminal Tax Defense fully understands the risks and rewards involved in voluntary disclosures and how to protect you if you do not qualify for a voluntary disclosure.

    As uniquely qualified and extensively experienced Criminal Tax Defense Tax Attorneys, KovelCPAs and EAs, our firm provides a one stop shop to efficiently achieve the optimal and predictable results that simultaneously protect your liberty and your net worth. See our Testimonials to see what our clients have to say about us!

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