Accused of tax crime? Know your rights, potential consequences, and mistakes to avoid - London Business News | Londonlovesbusiness.com
Briefly

Tax crime is taken very seriously by the IRS, which may lead to prosecution or jail time for those found guilty.
Tax evasion involves intentional misrepresentation or omission by a taxpayer to avoid full liability, while tax fraud encompasses broader unlawful activities.
Accusations of tax fraud can result in severe penalties, including fines and imprisonment, highlighting the importance of understanding legal rights when confronted with such charges.
Understanding your rights, such as the right to remain silent and the right to a fair investigation, is crucial if accused of a tax crime.
Read at London Business News | Londonlovesbusiness.com
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