Tax Evasion Lawyers in Elsmere

"Tax Evasion" refers to the crime of intentionally failing to pay one's taxes, as required by Delaware law.

Most frequently, people who try to evade their taxes in Elsmere, Delaware will take steps to harbor their assets and income, or transferring their property to other legal entities in a fraudulent manner.

"Tax evasion" should not be confused with "tax avoidance." Tax evasion is the act of intentionally attempting to get out of one's tax liability through prohibited means. Tax avoidance is perfectly legal, and involves using legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.

Penalties for Tax Evasion in Elsmere, Delaware

Under the laws of Delaware, as well as federal law, tax evasion is a very serious criminal offense.

Tax evaders in Elsmere 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.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not typically so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

On the other hand, if the prosecution can establish that an Elsmere, Delaware taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's permitted by law. This can easily involve jail time.

A Elsmere, Delaware Tax Evasion Lawyer Can Help

Tax lawyers in Elsmere, Delaware can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

Of course, if you've truly been accused of tax evasion, you should hire an Elsmere, Delaware tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.