What You Can Expect From An IRS Criminal Investigation
We understand the gravity of IRS criminal investigations and their potential consequences on your life. Our experienced team of attorneys is well-versed in the intricacies of IRS criminal investigations. We can provide expert legal representation to help you navigate the legal process. We work tirelessly to protect your rights, including representing you in government and court negotiations.
What Should You Expect If You Or Your Business Is Under An IRS Criminal Investigation?
If you or your business is under an IRS criminal investigation, you should expect to face a thorough investigation by the IRS Criminal Investigation Division. This division is responsible for investigating criminal violations of the tax code, including tax evasion, fraud and other related offenses. An IRS special agent may contact you, and you will need to provide detailed financial records and other documentation related to your tax returns.
How Long Do IRS Criminal Investigations Typically Last?
The length of an IRS criminal investigation can vary depending on the complexity of the case and the amount of evidence they need to gather. In general, these investigations can take months or even years to complete. However, the IRS does have a statute of limitations of six years for prosecuting most tax crimes.
What Sparks An IRS Criminal Investigation?
Various factors, including tips from whistleblowers, suspicious activity reports from banks, audits of tax returns and other types of intelligence gathering, can spark IRS criminal investigations. The IRS typically targets individuals and businesses with a history of noncompliance with tax laws or those who have engaged in suspicious or illegal activity.
Can Voluntary Disclosure Help Prevent An IRS Criminal Investigation?
Voluntary disclosure is a process by which taxpayers can disclose previously undisclosed foreign financial assets or income without facing criminal prosecution. This process can help prevent an IRS criminal investigation, as it shows a willingness on the part of the taxpayer to come forward and rectify any past noncompliance. However, voluntary disclosure does not guarantee immunity from prosecution, and it is essential to seek legal advice before disclosing to the IRS.
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At Goldburd McCone LLP, we understand the complexities of IRS criminal investigations. We are committed to providing our clients with the legal assistance they need to defend themselves. Our team of experienced tax attorneys has decades of legal experience in representing small to medium-sized businesses and nonprofits facing IRS criminal investigations.
We provide sophisticated, professional, intelligent advocacy and creative solutions to help clients overcome their tax challenges. Since 1983, we have been committed to providing our clients with strong advocacy. We are proud to have represented individuals and corporations in New York City, Long Island and across the country. Contact us today for a complimentary case evaluation. Call our New York office at 212-235-1817 or toll-free at 866-712-9505, or contact us online to make an appointment.