Tax Evasion in Clay, Alabama
"Tax Evasion" refers to the crime of purposely failing to pay one's taxes, as required by Alabama law.
One of the most common common tactics of tax evaders in Clay, Alabama is to attempt to make it appear to an outside observer that their tax liability is lower than it actually is, such as by concealing income, fraudulently transferring property, and others.
You should not confuse "tax evasion" with "tax avoidance." Tax evasion is illegal, and involves deliberately failing to pay one's taxes which they lawfully owe. Tax avoidance, on the other hand, is legal, and involves using legal strategies to lower one's legal tax liability. For example, strategically using deductions and tax credits to lower the amount of money you are legally obliged to pay, is an example of tax avoidance, assuming you actually pay your tax bill, whatever it ends up being.
Penalties for Tax Evasion in Clay, Alabama
The laws of the federal government, as well as Alabama take tax evasion very seriously, making it a crime.
Tax evaders in Clay can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.
Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was deliberate, as opposed to an honest mistake.
However, if it can be clearly proven that a person or corporation in Clay, Alabama purposely attempted to conceal income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.
Find a Clay Lawyer that Specializes in Your Area of Need:
A Clay, Alabama Tax Evasion Lawyer Can Help
An attorney in Clay, Alabama specializing in tax law can help you comply with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.
Of course, if you've actually been accused of tax evasion, you should contact a Clay, Alabama tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.