What are the consequences for tax evasion?

In West Virginia, tax evasion is a white-collar crime. This means that if a person is convicted of tax evasion, they are guilty of a felony and can face serious legal consequences. The punishment for tax evasion can range from fines to jail time or a combination of the two. The amount of the fines and the length of jail time are dependent on the amount of taxes evaded and the number of years over which the evasion occurred. In West Virginia, tax evasion of $2,500 or more over a period of four or more years can result in up to 16 years of imprisonment and up to $2,500 in fines. In addition to jail time and fines, the person found guilty of tax evasion may be asked to pay back the amount of unpaid taxes. In some cases, the person may also be required to pay other civil penalties, such as interest for late payments. Finally, a person convicted of tax evasion can expect to have a criminal record, which can hinder their ability to find employment and obtain other important services. This penalty may last long after the jail sentence and fines have been paid. In summary, the consequences for tax evasion in West Virginia can include jail time, fines, civil penalties and a criminal record, all of which can have long-term implications.

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What are the consequences for tax evasion?

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