We all know that taxes must be paid at the end of each fiscal year, but what happens when those taxes aren't paid? Just like many other states, Oklahoma has penalties for tax fraud or evasion. This is a quick summary of tax fraud and tax evasion laws in Oklahoma.
Oklahoma Tax Fraud and Tax Evasion Laws
The following table outlines tax fraud and tax evasion laws in Oklahoma.
|Code Sections||Oklahoma Tax Commission Rules|
Failing or refusing to file a report or return, filing a false report or return, filing a frivolous return, any action or inaction intended to defraud the state or evade taxes, writing a false or bogus check to pay taxes, or failing to testify, produce evidence, or allow examination of tax documents.
Wages may be garnished and liens may be filed against real or personal property to satisfy unpaid taxes, interest, or penalties.
Some examples of possible penalties for specific crimes:
Failure or refusal to file a tax return or report is a misdemeanor punishable by up to 1 year in prison and up to $5,000 in fines.
Refusing to file a tax return with the intent to defraud or filing a false or fraudulent tax return is a felony punishable by 2-5 years in prison and up to $1,000 - $50,000 in fines.
Committing tax fraud is also subject to a 50% penalty (not including interest) on taxes due. Tax fraud consists of continued failure to file Oklahoma Income Tax Returns, filing false returns, or other action or inaction intended to defraud the state or evade taxes.
Knowingly verifying any false report or return is a felony punishable by up 10 years (but no less than 90 days) in prison and up to $5,000 (but no less than $500) in fines.
|Right to Appeal?||
Yes, as well as a right to an action to recover taxes in an applicable state or federal court.
Oklahoma Tax Fraud and Tax Evasion Laws: Related Resources
Tax laws are complicated and may be difficult for the average person to understand. If you would like legal assistance with a tax matter you can contact an Oklahoma tax attorney. If you have been charged with tax fraud or tax evasion, you can contact an Oklahoma criminal defense attorney. You can also visit FindLaw's section on Tax Evasion and Fraud for more articles and information on this topic.
Contact a qualified attorney.