No one likes paying taxes, but it’s a necessary part of life. Sometimes, however, people make mistakes. Like anyone who gets caught up in white collar crime, those who commit tax fraud or tax evasion are often in a difficult position and looking for a quick way to get out of a tough financial situation. Others might not even realize that they’ve done anything wrong.
If you’ve been charged with tax evasion or tax fraud, you could be facing serious consequences, both legally and personally. Oklahoma City white collar criminal defense attorney J. Patrick Quillian understands the potential ramifications of a criminal charge and will work to get you the best possible outcome in your case.
What Constitutes Tax Evasion or Tax Fraud
In Oklahoma, tax evasion or tax fraud consists of any actions designed to willfully avoid paying taxes that are legally owed. Often, this is also accompanied by attempts to make the government believe that your tax liability is lower than it actually is.
The following activities, among others, are expressly prohibited under Oklahoma Tax Commission Rules:
Concealing income and making fraudulent transfers of property are two common ways that people engage in tax fraud or evasion.
The penalties for tax fraud or evasion vary widely, and can include payment of back taxes, prison time, and large fines. The state is allowed to garnish your wages or file liens against your property in order to satisfy any unpaid taxes, interest, or penalties.
Some of the penalties for specific tax crimes include:
It’s important to note that tax fraud in Oklahoma also carries a 50% penalty on all taxes that are due.
If it’s your first tax evasion offense and the amount at issue is relatively small, there is a chance that you will be able to avoid large fines or jail time. This is particularly true if the evidence does not clearly show that the evasion was intentional, rather than due to an honest accounting error. However, if there is clear proof that you willfully concealed income in order to avoid paying taxes, penalties can be stiff, pushing the upper bounds of what is allowed by law.
Consult An Experienced Oklahoma Tax Evasion Lawyer
A charge of tax fraud or tax evasion is a serious matter. As with all white collar criminal matters, the penalties and ramifications can be severe. It’s crucial that you enlist the assistance of a reliable Oklahoma tax fraud attorney immediately and start preparing your defense.