Oklahoma City Corporate Tax Crimes

Like all states, Oklahoma recognizes several kinds of tax-related crimes, all of which carry significant penalties. For instance, corporations who are charged with tax offenses could be forced to pay thousands of dollars in fines and may suffer irreparable damage to their reputations. However, having the guidance and support of a tax attorney can make all the difference in the outcome of a case, so if you are being investigated for a tax-related crime, it is critical to contact an experienced corporate tax attorney who can help protect your interests.

Tax Fraud

Although Oklahoma recognizes several different types of tax crimes, corporations are most often charged with tax fraud, which could include:

  • Tax evasion;
  • Willfully failing to keep records;
  • Failing to file a tax return; and
  • Filing a false or misleading tax return.

To convict a defendant of committing tax fraud, a prosecutor must establish that an individual or business made a false and material misrepresentation on a tax return with the intent of misleading the IRS. Some of the most common examples of tax fraud include:

  • Claiming false deductions;
  • Claiming personal expenses as business expenses; and
  • Failing to report income.

Those who are charged with tax fraud are also often charged with associated crimes, such as forgery, making false statements to investigators, and falsifying business records. All of these actions can have serious consequences, especially for businesses, which stand to lose revenue and may suffer serious damage to their reputations.

Being convicted of a tax-related offense can have serious consequences. For instance, both tax evasion and filing a false tax return are felony crimes, which are punishable by up to five years in prison and a fine of $100,000. Failing to file a tax return, on the other hand, is a misdemeanor offense and can lead to one year in prison and a $25,000 fine. However, if the IRS can prove that a defendant intentionally failed to file a return, the charge could be upgraded to a felony.

Contact an Experienced Corporate Tax Attorney Today

At Deborah Brooks & Associates P.C., we understand how stressful it can be to be charged with a tax crime, especially for those who were unaware that they were committing a criminal offense in the first place and so dedicate ourselves to alleviating some of our clients burdens by aggressively representing them, whether in negotiations or the courtroom. Please call us today at (405) 840-6363 to speak with an experienced corporate tax attorney.