IRS is a federal body that administers tax laws and codes and oversees the collection of federal taxes in the US. When taxpayers fail to meet their obligations and the IRS has reason to believe that it is tantamount to a crime, the IRS begins criminal investigations against the taxpayers. Dealing with an IRS tax investigation can be extremely intimidating, as it can lead to severe punishment including fines and jail. That’s where a tax attorney comes into play. They can help provide you with a resolution to a multitude of IRS tax problems including criminal tax investigations. Residents of Dallas - Texas facing a criminal tax investigation can hire a skilled tax attorney in their area for help. But before that continue reading as we present a beginner’s guide to IRS criminal tax investigations.
Why does the IRS conduct criminal tax investigations?
Tax payment is often seen as a burden by taxpayers. That is why they try to avoid it. When the IRS suspects any tax avoidance or other fraudulent activities, they conduct criminal tax investigations. Some common reasons under which the IRS conducts criminal tax investigations are:
- Tax evasion or avoidance of tax evasion
- Deliberate failure to pay
- Money laundering
- Additional tax dues
- Doubtful tax returns
- Deliberate failure to maintain a record of financial transactions
- Misrepresentation in financial statement
What is the process of the IRS criminal tax investigation?
IRS assigns the tax investigation task to their special agents, called CID. They are seasoned financial investigators capable of contacting anyone having information pertaining to your case. CID can pay you a visit at your home or your place of work to investigate you and your colleagues, family, and friends personally. They can also issue subpoenas of your bank records, financial statement, and other financial documents. On encounter with a CID official, notify your tax settlement attorney at the earliest before answering anything related to the case to the officer.
How can a tax attorney help taxpayers under an IRS criminal tax investigation?
Trying to solve tax problems like a criminal tax investigation is very difficult. For starters, requesting your own tax files may sound alarm with the IRS. Further, you may not be able to comprehend your IRS tax documents as they are coded in cryptic legal language. IRS tax lawyers are proficient in working with IRS codes so they can understand your document well and offer proper resolution. With the help of the document, they can tell what the IRS already knows about you and can advise on the future course of action. They also represent you in front of the grand jury and in the Court of Appeals for reducing and removing any punishments.Conclusion
If you are searching for an experienced tax attorney in Dallas, Texas to help you with IRS tax problems like criminal investigations, choose one of the trusted professional law firms with a team of seasoned tax lawyers experts in dealing with IRS tax investigation cases. Specialized IRS tax attorneys can provide consultations on a myriad of tax problems like how to deal with criminal tax investigations. Leading tax firms also offer free no-obligation tax consultations. Book a consultation to solve your tax problems.
