The couple surrendered to authorities early Wednesday morning, a spokesman for the law firm told CNN.
They are expected to appear before a federal judge later in the day, said spokesman Bob Page.
Chrisleys are the stars of "Chrisley Knows Best," a reality series on the USA Network, which follows the family's overall lifestyle and activities.
The 12-count indictment, obtained by CNN, also alleges that Chrisley's committed bank fraud and wire conspiracy for fraud, including crime. Peter Tarantino, Chrisley's bookkeeper, has also been charged with tax fraud.
Before the prosecution was issued on Tuesday, Todd Chrisley denied allegations in an Instagram post, suggesting that the allegations are based on evidence presented to investigators by a disgruntled former employee.
He alleged the employee, whom he did not name, stole from the family, created fake documents, forged their signatures and bugged his home. Chrisley said there are employees' other attempts to get the family accused and called it a revenge.
"I tell you all this now that we have nothing to hide and have done nothing to be ashamed of," he wrote on Instagram. "Not only do we know we haven't done anything wrong, but we have lots of hard evidence and a lot of corroborating witnesses to prove it."
Chrisley wrote that the former employee's alleged crime included "all kinds of really bad stuff like creating fake documents, forging our signatures and forcing other employees to force if they said something."
In a statement announcing the indictment, it said US Attorney BJay Pak accused Chrisleys "not only of defrauding a number of banks by fraudulently getting $ 1
" Celebrities faces the same justice that everyone does. These are serious federal charges and they will have their day in court, "Pak added.
" Finding a crooked accountant "
The prosecution says that between 2007 and 2012, Chrisley considered the alleged bank false – and financial reports to get loans worth millions, says the indictment.
"During the conspiracy, Todd Chrisley directed a co-conspirator to send false information to the banks," the indictment says. For example, in 2008, a bank said it would not renew a loan without updated financial information and Chrisley allegedly ordered the co-conspirator to do so, even if the couple did not have the money.
"If you do not know how to do this, find a shaken accountant to do it," he said, according to the indictment.  Throughout the conspiracy, they allegedly submitted false documents to banks listing inflated account balances, personal financial reports containing false information on available funds, false invoices and fake audit papers.
"As a result of false petitions … a number of banks gave the conspirators millions of dollars in loans, of which Todd and Julie Chrisley used for their own personal benefit," the documents allege.
In a sworn statement in 2012, Chrisley said he did not know that the co-creator had filed the documents and accused him of having used their accounting stationery and signature without their consent.
Information on allegations of alleged false acts in lease
Even after their relationship ended with the co-conspirator, the couple continued to file false documents, the prosecution claims.
For example, during a rental application process for a California home, the property owner wanted Julie Chrisley to submit a credit report and bank statement showing that the couple had at least $ 486,000 in their accounts, the lawsuit states
"When they applied to rent house in July 2014, Julie Chrisley transmitted several manufactured documents that had been physically cut and then glued or taped together, and Todd Chrisley sent an email with a false statement about Chrisley's available funds, "it says.
"On July 23, 2014, Julie Chrisley sent an email to the real estate agent who attached a bank statement from City National Bank and reported an account balance of $ 86,790.86. In reality, the City National bank account had a balance of f negative $ 14,530 , 89 in June 2014, "the indictment is charged.
The figures had reportedly been cut and glued or taped together to make it look like the accounts had more funds, the indictment says.
On July 26, 2014, Julie Chrisley sent a copy of a bank statement for the month showing a balance of $ 409,738.85 while the account had zero balance, it said.
Julie Chrisley also sent a false credit report showing her score was between the mid-700s and the 800s, while they were actually in the 500s, the prosecution alleges. Again, the figures had been cut out and taped to make it look like her credit score was higher, it says.
After signing the leases and starting to use the property, they did not pay the rent in October 2014, the indictment says, and the property owner had to threaten them with evacuation.
Tax Failure Claim
Around 2010, the couple and a third person collaborated to defraud the IRS, according to the indictment.
The couple formed a company called 7Cs Productions and directed third parties to send money there, according to the indictment. Todd Chrisley had control of the company and had access to its bank accounts, but he was not listed as the owner in documents filed with Georgia and Tennessee state secretaries, according to the indictment. The family owned homes in both states.
Julie Chrisley was listed on the company's corporate documents and had signature authority over her bank accounts, but Todd Chrisley checked it, according to the indictment.
His information was kept away from the documents to prevent the IRS from determining his income, the prosecution is accused.
The couple made large "personal expenses" even though they had "substantial tax liabilities," the indictment says. They also failed to "quickly file federal tax returns or pay income taxes for the 2013, 2014, 2015 or 2016 fiscal years," the lawsuit alleges.
"Chrisley Knows Best" has been broadcast on the USA Network since 2014 for a total of seven seasons.
CNN's Tina Burnside, Chuck Johnston and Jaquetta White contributed to this report