Employers have many financial responsibilities, and many of those obligations revolve around paying taxes. If an employer fails to pay the proper employment taxes or other business-related taxes, it is possible for that individual to come under investigation by the Internal Revenue Service. If the IRS believes that intentional wrongdoing has occurred, an employer could face tax fraud charges.
Texas readers may be interested in one out-of-state man’s case after he was recently indicted on 21 counts of tax fraud. The charges alleged the following information:
- The man did not pay employment taxes from 2015 through 2018.
- The unpaid employment taxes totaled over $300,000.
- He purportedly did not file individual income taxes between 2014 and 2018.
The indictment resulted in the man facing 16 counts of failing to pay employment taxes and five counts of failure to pay individual income tax. Both charges could result in jail time and monetary fines if he is convicted. Fortunately, he has the right to defend against these criminal allegations.
Accusations of tax fraud can turn a person’s life upside down. However, it is important that any Texas resident accused of such crimes remembers that the IRS is not infallible. As a result, charges could occur based on incorrect or incomplete information, which is why it is essential that anyone accused of fraudulent activity has the opportunity to give his or her side of the story. As more information comes to light, it may become clear that the charges are not applicable or that reason exists to mitigate the consequences.