Fraudulent Tax Return (2018) – Risks of Filing False IRS Tax Returns
For one reason or another, you went against your better judgment and filed one or multiple Fraudulent Tax Return(s) with the IRS.
Filing a Tax Return Fraudulently with the IRS can land you in some hot water with IRS, not the least being fines, penalties, and even a possible criminal investigation.
Why is a Fraudulent Tax Return so Risky?
That is because filing a Fraudulent Tax Return is a form Tax Fraud and/or Tax Evasion. By intentionally filing a false return with the IRS, you are intentionally misrepresenting your taxes to the IRS.
Typically, this involves:
- Misstating facts about your personal or business finances
- Artificially reducing your income
- Artificially increasing your expenses
- Failing to report foreign accounts
- Failing to report foreign income.
The Penalties for Filing Fraudulent Tax Return
Depending on the facts and circumstances of your situation, you may be subject to significant fines and penalties, including:
- Monetary Penalties
- Passport Revocation
What Should You do If You Filed a Fraudulent Tax Return
If you filed a fraudulent tax return, you should try to get into compliance before it is too late. You should retain experienced counsel to facilitate a safe resolution with the IRS.
Golding & Golding, A PLC
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Sean holds a Master's in Tax Law from one of the top Tax LL.M. programs in the country at the University of Denver. He has also earned the prestigious IRS Enrolled Agent credential. Mr. Golding's articles have been referenced in such publications as the Washington Post, Forbes, Nolo, and various Law Journals nationwide.