Paying taxes is a legal as well as moral obligation. Income tax preparation is something you will have to do every year. The federal authority may accuse you of IRS tax crimes if it is proven that you did not submit your annual tax return. The law assumes that every citizen is aware of the different statutes that govern income tax preparation. It is always advisable to hire a tax resolution lawyer any time you are confronted with charges related to breach of taxation laws. Otherwise, you cannot plead that you did not know whether evading taxes or failing to file returns is wrong.
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Employees from the IRS may be sent to investigate your business or company. If it is felt that you may have defaulted on tax payments, then you will be notified of possible IRS tax crimes. Accounting knowledge can come in handy during Income Tax Preparation. That is why you need to hire a tax resolution lawyer to assist you in handling all taxation disputes. Every year, it is mandatory for you to fill annual returns showing how much you earned and the taxes paid thereupon. Failure to submit an annual tax return constitutes an IRS tax crime.
IRS tax crimes are punishable through hefty fines or even a jail term. IRS takes these matters seriously and no defaulter is let off the hook. If you find yourself on the wrong side of the law accused of IRS tax crimes, the best thing to do is engage the services of a tax resolution lawyer. To avoid aggravating the problem further, you should take advantage of the grace period granted to defaulters as advised by your tax resolution lawyer. The IRS has up to 5 years before they can initiate criminal proceedings against you. The tax resolution lawyer will ensure the income tax preparation covering the period defaulted, takes place at the earliest possible moment.
Before you are accused of IRS tax crimes, the IRS will do their own income tax preparation estimate. You are supposed to hand over these estimates to your tax resolution lawyer for further analysis. You can also have taxation accountants reconcile your income tax preparation against what the authorities have indicated. The accountants will have to bring your records up to date with respect to each financial year. They will then apply the tax statutes that were in place during the period in question.
Upon updating your accounts to reflect the correct status, the tax resolution lawyer uses this information for your defense. If you were under investigation for IRS tax crimes, you would not want to put your case in jeopardy. The outcome of the negotiations will be greatly influenced by how well you responded during these investigations. Where one is under scrutiny for IRS tax crimes, no direct contact should be made by taxpayers to the internal revenue authority officers. It may work against you. Let your lawyer handle these matters. If at all you did not engage in any malpractices, then you have nothing to fear.
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