Tax Glossary Definition
Felony – A felony is a serious criminal offense that carries a penalty of imprisonment for one year or more, and in some cases, may also include fines or other severe punishments. Felonies are distinguished from minor offenses (misdemeanors or infractions) by the severity of the crime and the potential harm caused to individuals or society. Felonies often involve violence, significant harm, or threats to public safety.
Examples :of serious felonies include: First-degree murder Arson Kidnapping Aggravated assault These crimes are handled under stricter legal procedures, and convictions typically result in long-term imprisonment, probation, or other major penalties. Key Point: The classification and penalties for felonies can vary depending on jurisdiction, but they are universally recognized as the most serious types of criminal offenses.
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