Questions? Feedback? powered by Olark live chat software

Criminal charges if you refuse voluntary disclosure

Featured Video Play Icon
What Happens if You Don’t Disclose Foreign Accounts
March 25, 2014
Featured Video Play Icon
Characteristics of FBAR voluntary disclosures
March 25, 2014
Show all

Criminal charges if you refuse voluntary disclosure

Possible criminal charges related to tax returns include tax evasion (26 U.S.C. § 7201), filing a false return (26 U.S.C. § 7206(1)) and failure to file an income tax return (26 U.S.C. § 7203).

For more information on Tax Evasion see:

FAQ: Criminal Tax Representation

Article: Federal Tax Evasion Investigation: Innocent Until Proven Otherwise

Foreign Bank Account Disclosure Requirements and Tax Evasion Risks

How will the government attempt to prove a deficiency in a tax evasion case?

For more on Filing a False Return see:

What generally are the crimes of making, subscribing, and filing a false return or document? How are they punished?

What specifically is the crime of making or subscribing a false return or other document? How is this crime punished?

For more on failure to file an income tax return see:

Article: The Basics About Non-Filing (Failing to File Tax Return)

If the IRS determines that failure to file was willful, the penalties are more severe. Willfully failing to file an FBAR and willfully filing a false FBAR are both violations that are subject to criminal penalties under 31 U.S.C. § 5322.

A person convicted of tax evasion is subject to a prison term of up to five years and a fine of up to $250,000. Filing a false return subjects a person to a prison term of up to three years and a fine of up to $250,000. A person who fails to file a tax return is subject to a prison term of up to one year and a fine of up to $100,000. Failing to file an FBAR subjects a person to a prison term of up to ten years and criminal penalties of up to $500,000.

Contact my office to schedule a reduced rate initial consultation to discuss your FBAR and voluntary disclosure concerns and how I can be of assistance. When you call, you will speak directly to me, not a paralegal or assistant, to get the experienced answers you need.