Tax Attorneys, Fraud Percentages and Statistics

There are quite of few people that will at some point in their lives need to utilize a tax lawyer. Especially, if you are a business owner or an organization that accept numerous contributions and participate in different activities that causes money to flow in and out. Tax lawyers are coached to go in and look for ways that a business can save money. They’re prepped to have a trained eye when it comes to identifying the best ways to save their clients money. 

In 2017 there were 584 tax convictions. There were 67,742 cases that ended up in court or were investigated for tax fraud. So, as you may notice, the number of cases that actually led to a conviction, were much less than the number of cases that were investigated. When you are being investigated for tax fraud, one of the best things to do is to surround yourself with people that know tax law. Hiring an attorney in many cases can save you time, money, headaches and embarrassment. 

The average offenders are white males, which is 52.4%. Persons with no prior convictions carries a very high percentage when it comes to tax fraud, with an average of 80% out of all offenders. The amount of monies under the amount of 100,000 were an average of over 19%. The monies that involved over that amount up to 1.5 million averaged over 87%. 

The five districts with the highest tax convictions are: 
a. Northern District of Illinois with 35 offenders 
b. Northern District of California with 31 offenders 
c. Eastern District of California with 29 offenders 
d. Central District of California with 25 offenders 
e. Eastern District of New York with 23 offenders 

The average amount of time that a person who is convicted will serve is 17 months. The amount of damages that is done to the country as a whole when it comes to persons evading their tax is considerable. In 2006, the total amount loss do to tax evasion was a soaring $376,000 billion dollars. In 2008, it was the same amount and in 2008, it went down slightly to $357 billion. Between 2001 to 2010 the number of persons that managed to evade paying their taxes were in the trillions, $3.09 trillion to be exact. 

In the US, we have federal, state and local taxes that we must pay yearly. Taxes are imposed through payroll, income, property etc. Also, a few other ways are capital gains, imports, dividends, estates, gifts etc. However, taxes are more heavily exacted on labor income.

Tax lawyers are educated in all areas of tax law to make sure each client is given proper representation. If you are in search of a tax attorney kansas city mo or a tax attorney in mobile al you can be sure to find a lawyer that has the highest level of expertise in field of tax law. The training and education involved in becoming a lawyer, doesn’t stop, it continues via continued education for the duration of the profession of the attorney. 

When choosing a tax attorney choose one that is articulate and determined. Choose one that actually care about his clients and their well-being. Sometimes word of mouth can be a useful tool when looking for the perfect candidate.

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