In the current environment of increasing IRS enforcement efforts, it is unwise for taxpayers to evade taxes and think that they can get away with it.

While it may be true that a small percentage of tax evaders could enjoy a few years of “freedom” from the IRS, the ones who do get caught could be served with debilitating bank levies and heavy wage garnishments for life. (And you never know when the IRS will find you!)

The current yearly tax gap is at an astonishing figure of $345 billion and still growing at 10% every year. With the economy in shambles, the government is more pressured now than ever to close the tax gap in order to pay for projects that will ultimately help sustain a healthy economy.

There is a big difference between tax evasion and tax avoidance: while it is perfectly legal to work within existing law to avoid paying more than what is required by the IRS, cheating the government on taxes by evading tax laws is criminal and can carry up to a 5-year prison sentence and/or IRS penalties up to $100,000.

If you do find yourself under criminal charges by the IRS, you have the right to seek professional tax help from a tax lawyer. Oftentimes, help from a tax expert may make the difference between harsh penalties and substantial penalty discharges.

For the full press release on Costly Tax Evasion Schemes.

Make sure you know the difference between what is legal and what could get you in jail. Contact our specialized staff of tax attorneys, CPAs, EAs and tax professionals. Visit the Tax Resolution Services web site  for a free tax relief consultation or call us at 866-IRS-PROBLEMS.

More Tax Help, IRS News and Tax Relief Tips:

1. Tax Help News: IRS Enforcement to Get Priority, Big Bucks in 2010
2. IRS Asserts Position on Tax Protesters: Sanctions Imposed for Advancing and Maintaining a Frivolous Argument
3. IRS Tax Help For Small Businesses and High Income Earners Facing Increasing Tax Rates
4. Evading Taxes on Your Tax Return - The Money You Save is Not Worth the IRS Problems You End Up Causing Yourself
5. Tax Resolution News: IRS Warns Against Frivolous Tax Arguments That Can Incur Severe Penalties

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This entry was posted on Wednesday, July 22nd, 2009 at 9:49 am and is filed under IRS Question Corner, Seeking Professional Tax Help, Tax Debt Help News, Tax Liens and Levies, Tax news and tips, tax help. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.