What are the penalties for tax fraud?

In Washington, tax fraud is considered a white collar crime. Tax fraud is a criminal act involving the unlawful evasion or misrepresentation of taxes owed to state or federal government. Penalties for tax fraud can range from civil fines to imprisonment. Civil punishments can include monetary fines. These fines are typically paid to the state or federal government depending on which jurisdiction the fraud was committed in. The fines may be based on the amount of taxes avoided, the number of years of fraud, or other circumstances specific to the case. If criminal charges are filed, the penalties can become more serious. If the fraud is found to be significant, a person can be charged with felony tax fraud, which can carry a sentence of up to five years in prison. Additionally, a person convicted of felony tax fraud may need to pay restitution to the government for the lost taxes owed. The severity of the punishment for tax fraud varies on a case by case basis. The penalties depend largely on the amount of taxes also affects the penalty. Generally, the more taxes avoided, the more severe the penalty. No matter the penalty, tax fraud is a serious crime. Individuals convicted of this type of crime can face jail time, fines, and criminal records. If you are facing tax fraud charges, it is important to seek the advice of an experienced attorney.

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