The recent increase in tax fraudulence and financial crimes in the United States of America has created a surge in the department of IRS Criminal Investigation Division (IRS-CI). The special unit of IRS (Internal Revenue Service) called IRS Criminal Investigation Division is responsible for handling cases of violation of federal tax law regulated by the US federal government. Increasing number of cases is being filed against professionals from all spheres including business entrepreneurs, accountants, doctors and even ministers.
The primary objective of IRS-CI is to “protect the integrity of the tax system”. The department has enough power to run a thorough investigation if they feel the urgency. Once IRS probes into the matter chances are the suspect will be taken to court for prosecution. Punishment for tax evasion and general tax fraud can vary from a few months imprisonment to as severe as a 100 year in jail in addition to repayment in monetary terms.
For instance, in September 2009, an Indianapolis based real estate company owner was sentenced to 30 months imprisonment for mortgage fraud with a mortgage company. He was also ordered to repay $824,614 in compensation.
To be continue…(part-2)
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It will be prudent to contact a Washington DC IRS Attorney whenever you are in trouble or you may visit any website and blog to get more guidance on IRS