24-hour Bail Bonds in Statesville, NC


Find a person who happily says, “I love paying taxes.” There’s no denying that taxes support the government and the economy, so if you want the nation to progress, you must pay taxes. However, people don’t feel the same way. Tax evasion cases are too frequent, and middle-income earners do 75% of tax cheating cases. If you are one of those people who have committed a tax fraud knowingly or unknowingly, the consequences can be grave. Yes, you can reach out to a bail bond agent for 24-hour bail bonds in Statesville, but if you don’t want to commit the crime in the first place, here’s what you need to know!

Source: http://taxattorneydaily.com/fraud-and-tax-crimes/

Tax Fraud Laws:

Tax fraud laws prevent individuals and businesses from intentionally evading their tax obligations or providing false information to tax authorities. These laws encompass fraudulent activities, including underreporting income, overstating deductions, falsifying records, and engaging in illegal offshore tax schemes. Violations of tax fraud laws can result in civil and criminal penalties, depending on the offense’s severity and the perpetrator’s intent.

Types of Tax Fraud:

Tax fraud can take various forms, each with its own set of legal implications. Common types of tax fraud include:

  • Underreporting Income: Deliberately failing to report all income earned from wages, investments, business activities, or other sources.
  • Overstating Deductions: Inflating deductions or expenses to reduce taxable income falsely.
  • Concealing Assets: Hiding assets or income in offshore accounts or shell companies to evade taxation.
  • Falsifying Documents: Creating or altering records, receipts, or invoices to misrepresent financial transactions.
  • Employment Tax Fraud: Misclassifying employees as independent contractors or failing to withhold and pay payroll taxes.

Consequences of Tax Fraud:

The consequences of tax fraud can be severe and far-reaching, encompassing financial penalties and legal sanctions. Individuals and businesses found guilty of tax fraud may face:

  • Civil Penalties: These may include fines, interest on unpaid taxes, and additional penalties based on the amount of tax owed.
  • Criminal Prosecution: Serious tax fraud cases may lead to criminal charges, resulting in fines, imprisonment, or both.
  • Asset Seizure: Tax authorities can seize assets or property belonging to tax fraud perpetrators to satisfy outstanding tax debts.
  • Loss of Professional License: Professionals such as accountants, lawyers, or tax preparers may face disciplinary action or revocation of their professional licenses for involvement in tax fraud.
  • Reputational Damage: Being convicted of tax fraud can tarnish an individual’s or business’s reputation, leading to a loss of trust among clients, partners, and stakeholders.


Getting arrested for tax fraud can be overwhelming, but if you want to prepare for your case without anything holding you back or to reunite with your family before the final verdict, opting for 24-hour bail bonds in Statesville, NC, can be a great idea. Are you arrested for tax fraud and searching for a 24-hour bail bondsman near me? Contact the team of licensed bail bond agents at Statesville Bail Bonds today!