What is corporation tax evasion?
Corporation tax evasion is the failure of a corporate officer to file tax returns and/or pay respective business taxes to the Commonwealth of Pennsylvania in a timely manner. Some examples of corporation tax evasion: • Not filing a tax return • Filing a fraudulent tax return • Claiming fraudulent tax deductions • Not paying required taxes What are some of the penalties for corporation tax evasion? The Department may prosecute any corporate officer or responsible party who fails, neglects or refuses to file a report or pay corporation taxes, or refuses to permit the Department to examine the books, papers and records of any corporation. The penalty upon conviction is a fine of up to $1,000 plus court costs, imprisonment for up to 6 months, or both. Such penalties will be in addition to any other penalties imposed. The Department will prosecute anyone who willfully files a fraudulent tax return. If convicted, he or she will be punished as provided by law. Such penalties will be in additi
