Paul Manafort’s tax evasion trial moving forward

On Behalf of | Aug 4, 2018 | Tax Evasion

Connecticut residents who pay attention to the news have probably read an awful lot about Paul Manafort. He was the campaign chairman for President Donald Trump who is accused of bank fraud and tax evasion. Both are serious crimes with significant consequences if prosecuting attorneys achieve a conviction.

The claims against Manafort came after a probe into whether Trump’s campaign had any ties with Russia. Other individuals accused of collusion settled their cases privately. Manafort is the first person to take his case to trial. President Trump has dismissed the claims, calling this whole thing a witch hunt.

Paul Manafort is said to have earned $60 million for work he has done in the Ukraine. The Internal Revenue Service says he failed to pay taxes on a significant portion of that income. Between the tax evasion and bank fraud charges, if convicted, Mr. Manafort could spend the rest of his days in prison.

Not all tax evasion cases reach this level. This is a fairly extreme example, but at the end of the day, it goes to show that the IRS does not take tax evasion lightly. Connecticut residents who are facing such accusations can help themselves by seeking legal assistance as soon as possible. With experienced legal counsel at one’s side, the appropriate steps to deal with the matter can be taken in a timely manner. Whether one should fight accusations of tax evasion by working out a deal with the IRS, seeking a case dismissal or asking for lighter sentencing will depend on the details of one’s case.