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What accounts for most tax evasion cases?

Between now and April 15, many people here in Boston and across the country will fill out forms intended to go to the IRS. In an attempt not to pay more in taxes than necessary, they will search for the best and most deductions and credits they can use to reduce their potential tax bills. However, some people will make costly mistakes that could end up construed as tax evasion, which could get taxpayers into hot water with the agency.

Most people commit tax evasion in one of three ways, whether they mean to or not. The first is by not filing tax returns in the first place. The second occurs when the IRS says that an individual failed to pay the full amount due by underpaying. Finally, many people do not report all of their income.

In fact, a 2019 report from the Government Accountability Office indicated that, between 2008 and 2010, 84% of all tax evasion cases resulted from under-reporting income. For example, if an individual works part-time in one job and also does odd jobs on the side, but he or she only reports the income from the part-time job. This technically constitutes as tax evasion -- even if not reporting the other income is an oversight.

Allegations of tax evasion from the IRS should always be taken seriously. Boston residents accused of it could face serious penalties that may ultimately include jail or prison time. Of course, the best way to avoid an accusation is not to make a mistake. Whether an individual faces allegations of tax evasion or is concerned about accidentally committing it, working with an experienced tax lawyer could make all the difference.

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