Rice Business Report April Rice Business Report 2019 | Page 19
RICE BUSINESS REPORT APRIL 2019
Everything You Need To Know About Penalties For Tax Evasion in the US
Continued from page 16…..
By Sharmistha Biswas
Besides, the judges of the US department will decide whether you will get an oppor-
tunity to get an attorney to present your case before the grand jury. If they don't allow
it, you will be arrested by the law enforcement authorities. On the next step, you can
plea for the bail to the federal court. This is the high- time when you will be in need of
an experienced criminal defense attorney reputed for defending several federal tax
evasion crimes before.
Punishment
If you are charged with the tax evasion crime and proved to be a guilty under the federal law, you can be sent for
imprisonment for around five years and a fine within $100,000. The felony charges will destroy your social and
professional reputation. The record of your crime of tax dodging will prevent you from getting a new job and will
cause serious troubles in your business. You may also come across with various negative effects in your rights in
other ways.
Prevention
To avoid being charged with the serious criminal offense of tax avoidance, it is strongly recommended to file for
the tax on time. If you are not aware of the process, consult a professional tax attorney immediately. If you are
going through unfavorable circumstances for arranging the amount of your tax, contact an IRS executive right
now and let him/her inform about your current financial instability. The professional will surely help you right
away
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