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Though it is commendable that you're trying to correct matters, employing an accountant to do these overdue earnings might be a big mistake. To get alternative interpretations, please check out go here. Exactly why is since tax evasion is a criminal offence or felony. You mi... You have been feeling anxious (maybe even guilty) because you've failed to report your under the table business income. Perhaps you have never filed a tax return, even though you know you owe money. Eventually, you contact an accountant to resolve the problem. Although it is commendable that you are trying to correct things, hiring an accountant to complete these overdue earnings might be a big mistake. The key reason why is since tax evasion is a criminal offence or felony. You could also be subject to civil action. Would you employ an accountant to defend you in a legal proceeding? Not likely. You would be wise to hire an experienced lawyer. First of all, attorneys have something called solicitor-client privilege (also known as attorney-client privilege or legal counsel privilege). This ostensibly implies that things you tell your attorney when seeking legal services are private and can't be used against you. Even written records can be covered by this advantage. On the other hand, your accountant can be forced to testify against you and all records in his possession can be demanded from the authorities. Second, your lawyer can prepare a legally binding agreement that can protect you. In return for your coming clear, the tax authorities may agree not to charge you criminally and, in some cases, even reduce charges or tax liability. They are able to require all information about you, if your accountant tried to perform the same thing. Your accountant would not be protected by privilege. The tax authorities might nevertheless charge you with tax evasion, even though that you are clearly trying to rectify things (although a bit late), if, say, your accountant filed your tax return from 10 years before on your behalf. To discover more, we understand people gaze at open in a new browser window. It's also possible that your accountant could get in to trouble for a deep failing to report your delinquency. To get one more perspective, consider taking a peep at official website. On-the other hand, your attorney can not be required to testify against you, being secured by solicitor-client privilege. Dig up supplementary information on purchase here by browsing our pictorial essay. Your attorney could also have their own in-house accountant in order to protect you. Your lawyer (devoted to tax and criminal law) will likely negotiate a contract with the tax authorities before filing any tax returns. Therefore, when there is a great chance you could be charged criminally for your failure to file tax returns or correctly report income or expenses, do not see your accountant. Rather, consult with a lawyer devoted to such matters before you file or amend any results..