Tax crimes can have severe consequences. If one is successfully convicted of tax evasion, for example, the fines can be outrageous, and the probation and/or time behind bars can affect one’s life in many ways. Colorado residents who are facing accusations of tax evasion can help themselves by having legal counsel at their sides to help them through it. The Chrisley tax evasion case is a good example of how fighting for oneself can prove beneficial.
Todd and Julie Chrisley — stars of the reality show Chrisley Knows Best — were charged with tax evasion, among other crimes, for supposedly failing to pay upward of $2 million in state and federal taxes. They have maintained their innocence throughout the entire ordeal, and doing so is starting to pay off. According to a recent report, the couple has been cleared of the charges against them, at least at the state level. Federal charges are still pending.
A thorough investigation into the matter uncovered that the couple had overpaid taxes in their former home state for some of the years they were accused of evading taxes. There were even a few years where refunds were owed them. They have agreed to pay nearly $150,000 to the state to settle tax debt that they claim is the result of mistakes made on their tax returns. It is unclear when their federal charges will be addressed.
What can be learned from the Chrisley tax evasion case? Colorado residents can learn that a tax evasion charge is not the end of the world. Scary, yes. Unbeatable, no. With the assistance of an experienced white collar criminal defense attorney, it is possible to address tax evasion charges and seek the best outcome possible.