According to a new TRAC (Transactional Records Access Clearinghouse) report, criminal tax prosecutions have jumped under the Obama administration when compared to those under George W. Bush.

When the IRS believes that they have a potential case for criminal prosecution, it is referred to the Department of Justice. The DOJ will then decide whether they will proceed with a criminal prosecution.  About half of the referrals from the IRS are accepted for prosecution. The rate at which the DOJ accepts cases to pursue is about the only thing that hasn’t increased since President Obama took office in 2009.

The IRS has shown that it is ramping up its’ efforts to put taxpayers behind bars over the past 5 years. Referrals to the Department of Justice have increased by over 38 percent overall under the control of the Obama administration.  These cases include Domestic Tax Evasion and those who get caught with unreported monies in overseas bank accounts that haven’t taken advantage of the 2012 Offshore Voluntary Disclosure Initiative.

Last year was a notable year for the Department of Justice, as criminal prosecutions jumped by over 30 percent. This goes to show that the government is breaking out the handcuffs for those Americans they suspect of not being completely truthful on their taxes. Prison sentences have also increased under the current administration. The average sentence for a taxpayer convicted of tax-crimes is over 2 years.

Is the IRS investigating you or has your case been referred to the Department of Justice for criminal prosecution? Do you have money in an overseas bank account and are tired of worrying about when the feds will show up at your door? It’s time to get help. Don’t risk the possibility of years in prison. Contact us now.