Criminal Tax Evasion

Criminal tax evasion is the illegal act of deliberately avoiding paying owed taxes to the government. This can involve underreporting income, inflating deductions, or hiding money in offshore accounts. Unlike legitimate tax planning, which stays within the law, tax evasion is a crime and can lead to serious penalties, including fines and imprisonment. Tax authorities actively investigate suspicious activities and can identify evasion through audits and financial analysis. Being honest about income and complying with tax laws is essential to avoid legal consequences.