Tax Law Sub Topics

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Welcome to the Tax Law center of FreeAdvice, where you’ll find well-informed, easy-to-understand articles, answers and other useful resources regarding tax law topics. Refer to the links in this section for articles about corporate tax law, estate tax law, gift tax law, income tax law, property tax law, and tax enforcement.

If you’re looking for Tax Law information, FreeAdvice has what you need, including topics on Tax Enforcement, Income Tax Law, Corporate Tax Law, Property Tax Law, Gift Tax Law, and Estate Tax Law. Refer to the links on this page to explore tax law articles and get answers to common tax law questions.

Tax Law refers to the body of laws that regulate taxation. Federal tax law, administrated by the Internal Revenue Service, is made up of the Internal Revenue Code. Each state has its own code for state taxation. Tax law is a highly specialized area of law, and while many lawyers may have knowledge of areas of tax law pertinent to their primary specialization, lawyers who specialize in taxation have knowledge of multiple areas of the tax codes and the ability to assist clients in both civil and criminal tax proceedings.

The most common federal tax crimes include failure to file tax returns, tax evasion, failure to remit taxes, and tax fraud. Failure to file tax returns carries penalties of fines up to $25,000 for an individual or $100,000 for a corporation and up to a year in prison, while fraud can result in a fine of up to $100,000 for an individual and $500,000 for a corporation and 3 years in prison, and the penalties increase from there. Tax evasion and failure to remit carry the same large fines as fraud, but can result in up to five years of prison.

Civil penalties can also result from tax fraud and abusive tax schemes, including penalties for failure to file, filing frivolous returns, failure to pay taxes, for inaccuracy on tax returns due to negligence, tax fraud, and for understatement of income tax and failure to report information. Civil penalties can result in substantial fines, and may be accompanied by a criminal prosecution.

The IRS takes violations of the tax code seriously, and violators are pursued with vigor. Any person or corporation facing an audit or possible criminal or civil penalties is well advised to seek immediate assistance from a tax attorney to minimize the effects of any civil case or criminal prosecution.

For more information on tax law, explore Tax Law at FreeAdvice using the links on this page. Topics in Tax Law include Income Tax Law, Tax Enforcement, Property Tax Law, Estate Tax Law, Gift Tax Law, and Corporate Tax Law.