Legal Question in Tax Law in California

whats the penalty for tax evasion?

Whats the penalty for tax evasion?


Asked on 1/25/02, 10:59 am

2 Answers from Attorneys

Joel Selik www.SelikLaw.com

Re: whats the penalty for tax evasion?

In addition to other financial penalties, prison is a penalty. There are ways to avoid this.

Joel Selik

JD. Ll.M-Taxation

800-894-2889

www.taxworkout.com

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Answered on 1/26/02, 3:01 pm
Ken Koenen Koenen & Tokunaga, P.C.

Re: whats the penalty for tax evasion?

Jail, if it can be shown that you intentionally failed to file and pay tax returns.

If you file, but don't pay, there are penalties that can be added to the amount owed and collected from sale of your assets. You will also have a lien against you on your credit report. Forget about ever buying a house.

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Answered on 1/25/02, 2:07 pm


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