Criminal Tax Fraud

Criminal Tax Fraud refers to the intentional act of falsifying information on a tax return with the aim of avoiding paying the correct amount of taxes owed to the government.

This includes actions such as underreporting income, inflating deductions or expenses, or hiding money in offshore accounts.

Criminal tax fraud is considered a serious offense and can lead to severe penalties, including fines, interest on unpaid taxes, and imprisonment. For example, if an individual knowingly reports only half of their income to reduce their tax liability, they may be committing criminal tax fraud.