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According to a Department of Justice press release, a grand jury sitting in Tulsa, Oklahoma returned an indictment against a local businessman for his alleged intentional filing of false tax returns. This story is indicative of the fact that the IRS is on the lookout for non-filers and those who file false income tax returns, alike. If you have filed a tax return that may be incorrect or have not filed a tax return for one or more years, it is in your best interest to contact an experienced tax defense attorney as soon as possible.
Note: As long as a taxpayer that has willfully committed tax crimes self-reports the tax fraud (including a pattern of non-filed returns) through a domestic or offshore voluntary disclosure before the IRS has started an audit or criminal tax prosecution, the taxpayer can be successfully brought back into the tax compliance and receive a nearly guaranteed pass on criminal tax prosecution and simultaneously receive a break on the civil penalties that would otherwise apply. It is imperative that you hire an experienced and reputable tax defense attorney to take you through the voluntary disclosure process. As uniquely qualified and extensively experienced Criminal Tax Defense Tax Attorneys, Kovel CPAs and EAs, our firm provides a one-stop-shop to efficiently achieve the optimal and predictable results. See our Testimonials to see what our clients have to say about us!
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The indictment indicates that David Fisher, the owner-operator of A-1 Power Tongs and Casing Crews, LLC, marketed his business services to firms focused on the extraction of oil and gas. For three tax years beginning in 2013, Fisher allegedly intentionally lied about the true amount of his income as a part of his annual income tax returns.
Prosecutors allege that Fisher deposited portions of the payments that were meant to be accounted for by his business into a bank account that was not referenced for the purposes of completing his tax returns. Authorities believe that Fisher did not disclose the existence of the account to his bookkeepers or his tax preparer.
If Fisher is convicted, he faces up to three years in prison for each count of filing a false tax return. Additionally, Fisher may be sentenced to a term of supervised release, commencing at the end of his physical incarceration. Lastly, if found guilty, Fisher will likely be ordered to pay restitution to the IRS, representing the amount of the tax loss suffered by the government.
The defendant’s alleged actions in the story above are not uncommon. Many taxpayers make mistakes on their tax returns due to a number of different scenarios. When and if the IRS contacts the taxpayer about the potential discrepancy, the outcome is dictated by the taxpayer’s response. In most cases, the optimal solution is for the taxpayer to rectify any tax noncompliance before the IRS contacts the taxpayer. If the IRS beats a taxpayer to the punch, it is important that the taxpayer strongly consider seeking the assistance of an experienced tax defense attorney to develop and implement an effective resolution strategy.
The tax and accounting professionals at the Tax Law Offices of David W. Klasing have extensive experience representing a diverse group of taxpayers. From individuals to middle-market businesses and beyond, our team of zealous advocates will assist in the development of a strategy to help you reach your specific goals and objectives. Whether you are under a tax examination or are in need of tax planning advice, contact the Tax Law Offices of David W. Klasing today, online or by phone at (800) 681-1295, for a reduced-rate consultation.
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In addition to our staffed main offices in Irvine, the Tax Law Offices of David W. Klasing has unstaffed (conference room only) satellite offices in Los Angeles, San Bernardino, Santa Barbara, Panorama City, Oxnard, San Diego, Bakersfield, San Jose, San Francisco, Oakland, Carlsbad and Sacramento.
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Will it cost me more to hire the Tax Law Offices of David W. Klasing, whose main office and the vast majority of the firm’s staff is located in Irvine California, but an appointment only Satellite office is close to my location, as opposed to a local company? Absolutely not! See our policies that address this issue here.