What are the penalties for tax fraud or evasion in Maine?

The penalties for tax fraud or evasion in Maine can be severe. Those found guilty of tax fraud may face criminal charges, resulting in imprisonment for up to five years, fines up to $20,000, or both. Individuals convicted of tax evasion may also be subject to criminal charges, with penalties including imprisonment for up to one year, fines up to $2,000, or both. In addition to these criminal penalties, taxpayers may also be required to pay the taxes owed plus interest, as well as civil fraud penalties equal to 50% of the unpaid taxes. Maine Revenue Services diligently investigates cases of potential tax fraud or evasion, ensuring compliance with state tax laws and maintaining the integrity of the tax system.