Criminal Defense Lawyers

What is Tax Evasion? Laws, Charges & Statute of Limitations

Understanding Tax Evasion: Protect Your Future with Spodek Law Group

As a responsible taxpayer, it is your duty to file your federal income tax returns every year. However, if you run your own business or have considerable assets, the process can be complicated and overwhelming. Even a seemingly innocent mistake can raise suspicion and trigger an IRS investigation. This is why it is crucial to have a clear understanding of tax evasion, its statute of limitations, and the penalties involved.

What Is Tax Evasion?

Tax evasion occurs when you deliberately avoid paying or underpaying your federal taxes. It’s illegal and carries severe consequences that include criminal charges and hefty penalties regardless of whether you’ve submitted the appropriate tax forms. The IRS can still determine if you owe any taxes from information acquired through third-party sources; however, they only consider it as tax evasion when they find that the failure to pay was intentional.

The Two Types of Tax Evasion

The IRS officially recognizes two types of tax evasions: evading payment and evading assessment. Evading payment involves hiding assets or money that should have been used to pay taxes such as by hiding money in an offshore account while evading assessment happens when you intentionally leave out assets and falsify records to avoid taxation.

Tax Evasion vs. Tax Fraud

While these terms are often used interchangeably, there’s a difference between them -tax fraud being more severe than tax evasion-. Tax evasion is considered a misdemeanor that happens when you refuse to pay your tax returns or fail to pay after an assessment which could lead up-to felony charges while on the other hand; Tax fraud occurs when one provides false records or lies in their return filings.

Christine Twomey

2024-03-21

Just had my Divorce case settled 2 months ago after having a horrible experience with another firm. I couldn’t be happier with Claire Banks and Elizabeth Garvey with their outstanding professionalism in doing so with Spodek Law Group. Any time I needed questions answered they were always prompt in doing so with all my uncertainties after 30 yrs of marriage.I feel from the bottom of my heart you will NOT be disappointed with either one. Thanks a million.

Brendan huisman

2024-03-18

Alex Zhik contacted me almost immediately when I reached out to Spodek for a consultation and was able to effectively communicate the path forward/consequences of my legal issue. I immediately agreed to hire Alex for his services and did not regret my choice. He was able to cover my case in court (with 1 day notice) and not only was he able to push my case down, he carefully negotiated a dismissal of the charge altogether. I highly recommend Spodek, and more specifically, Alex Zhik for all of your legal issues. Thanks guys!

Guerline Menard

2024-03-18

Thanks again Spodek law firm, particularly Esq Claire Banks who stood right there with us up to the finish line. Attached photos taken right outside of the court building and the smile on our faces represented victory, a breath of fresh air and satisfaction. We are very happy that this is over and we can move on with our lives. Thanks Spodek law 🙏🏼🙏🏼🙏🏼🙏🏼🙌🏼❤️

Keisha Parris

2024-03-15

Believe every single review here about Alex Z!! From our initial consultation, it was evident that Alex possessed a profound understanding of criminal law and a fierce dedication to his clients rights. Throughout the entirety of my case, Alex exhibited unparalleled professionalism and unwavering commitment. What sets Alex apart is not only his legal expertise but also his genuine compassion for his clients. He took the time to thoroughly explain my case, alleviating any concerns I had along the way. His exact words were “I’m not worried about it”. His unwavering support and guidance were invaluable throughout the entire process. I am immensely grateful for Alex's exceptional legal representation and wholeheartedly recommend his services to anyone in need of a skilled criminal defense attorney. Alex Z is not just a lawyer; he is a beacon of hope for those navigating the complexities of the legal system. If you find yourself in need of a dedicated and competent legal advocate, look no further than Alex Z.

Taïko Beauty

2024-03-15

I don’t know where to start, I can write a novel about this firm, but one thing I will say is that having my best interest was their main priority since the beginning of my case which was back in Winter 2019. Miss Claire Banks, one of the best Attorneys in the firm represented me very well and was very professional, respectful, and truthful. Not once did she leave me in the dark, in fact she presented all options and routes that could possibly be considered for my case and she reinsured me that no matter what I decided to do, her and the team will have my back and that’s exactly what happened. Not only will I be liberated from this case, also, I will enjoy my freedom and continue to be a mother to my first born son and will have no restrictions with accomplishing my goals in life. Now that’s what I call victory!! I thank the Lord, My mother, Claire, and the Spodek team for standing by me and fighting with me. Words can’t describe how grateful I am to have the opportunity to work with this team. I’m very satisfied, very pleased with their performance, their hard work, and their diligence. Thank you team!

Anthony Williams

2024-03-12

Hey, how you guys doing? Good afternoon my name is Anthony Williams I just want to give a great shout out to the team of. Spodek law group. It is such a honor to use them and to use their assistance through this whole case from start to finish. They did everything that they said they was gonna do and if it ever comes down to it, if I ever have to use them again, hands-down they will be the first law office at the top of my list, thank you guys so much. It was a pleasure having you guys by my side so if you guys ever need them, do not hesitate to pick up the phone and give them a call.

Loveth Okpedo

2024-03-12

Very professional, very transparent, over all a great experience

Bee L

2024-02-28

Amazing experience with Spodek! Very professional lawyers who take your case seriously. They treated me with respect, were always available, and answered any and all questions. They were able to help me very successfully and removed a huge stress. Highly recommend.

divesh patel

2024-02-24

I can't recommend Alex Zhik and Spodek Law Firm highly enough for their exceptional legal representation and personal mentorship. From the moment I engaged their services in October 2022, Alex took the time to understand my case thoroughly and provided guidance every step of the way. Alex's dedication to my case went above and beyond my expectations. His expertise, attention to detail, and commitment to achieving the best possible outcome were evident throughout the entire process. He took the time to mentor me, ensuring I understood the legal complexities involved to make informed decisions. Alex is the kind of guy you would want to have a beer with and has made a meaningful impact on me. I also want to acknowledge Todd Spodek, the leader of the firm, who played a crucial role in my case. His leadership and support bolstered the efforts of Alex, and his involvement highlighted the firm's commitment to excellence. Thanks to Alex Zhik and Todd Spodek, I achieved the outcome I desired, and I am incredibly grateful for their professionalism, expertise, and genuine care. If you're in need of legal representation, look no further than this outstanding team.

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Statute Of Limitations

When facing a case related to tax evasion charges, it’s essential first to understand what Statute Of Limitations means- this refers specifically how long prosecutors have before filing charges against someone who has committed this crime type (tax evasion). Typically, the IRS gets three years to perform an audit on your returns. If they find that you may have concealed more than 25 percent of your income, the investigation time may double to six years. The time to file charges may also be extended for other reasons.

Tax Evasion Crime and Charges

Tax evasion can only be prosecuted if it is found to be intentional, and not just a difference in opinion or effort. The sentence you receive for tax evasion may be influenced by the amount of tax avoided as well as other factors. According to Section 7201 of the Internal Revenue Code, the IRS must prove that there is an unpaid tax liability, that you took action to evade taxes intentionally and that there was a special reason for evading taxes.

Experience Matters

Hundreds of millions of dollars in federal taxes go unreported every year due to tax evasions; this means it’s crucial first always having experienced lawyers like Spodek Law Group and Attorney Todd Spodek by your side when facing such charges- they have handled high-profile cases involving tax evasion with vast experience handling legal situations related specifically towards this crime type.

Why Choose Spodek Law Group?

Don’t let Tax Evasion charges ruin your life – contact Spodek Law Group today for legal representation that you can trust! With their deep understanding of law combined with professionalism ensures clients receive best possible outcome within their case while navigating complicated legal landscape surrounding taxation laws.

Spodek Law Group has helped many clients navigate through complex legal issues regarding both criminal & civil aspects related specifically towards taxation laws successfully representing them in high-profile cases involving Tax Evasion.

When facing Tax Evasion charges, timing matters significantly since waiting longer gives prosecution more time building up evidence against someone accused; therefore contacting Spodek Law group immediately increases chances receiving favorable outcomes within court proceedings.

Trust Experts

Facing Tax Evasion charges carries severe consequences including hefty fines, criminal charges and even jail time; therefore it’s essential having knowledgeable & experienced legal team on your side. Spodek Law Group and Attorney Todd Spodek have a deep understanding of the law committed to protecting clients’ rights/interests working tirelessly building strong defense strategies tailored specifically towards each case/circumstance.

Contact Us Today

If you are facing charges related to tax evasion, do not hesitate to contact Spodek Law Group today! With their professionalism, experience, dedication towards clients ensures that your case is in good hands. Contact them now for consultation taking first step towards protecting future!