Bank fraud, or defrauding a federally insured bank, is a federal offense that can carry a state prison sentence of up to 20 years and/or fines of up to $250,000.[1] This form of fraud can refer to any beguiling or providing false information to a bank, credit union, or savings and loan association. Common types
irs criminal investigation
Methods of Proving Fraud / Tax Evasion
Tax fraud proceedings can be either civil or criminal, and different burdens of proof will apply in either proceeding. In criminal proceedings, the IRS must prove guilt beyond a reasonable doubt, whereas in civil proceedings the IRS need only prove fraud by clear and convincing evidence (that the thing to be proved is highly probable
Criminal Investigations
As a general rule, one should always file their tax returns regardless of that person’s ability to pay their taxes. That said, failure to file will not automatically result in a criminal investigation. According to the IRS, the average late filer has failed to file for three years or more and owes approximately $70,000. Furthermore,