Tax Evasion in Hoffman Estates, Illinois

Find the right Tax Evasion attorney in Hoffman Estates, IL

Tax Evasion Lawyers in Hoffman Estates

Within Illinois "tax evasion" is the crime of failing to pay the taxes that they owe.

Usually, tax evasion is accompanied by an attempt to make it appear to the government of Hoffman Estates, Illinois that one's tax liability is lower than it actually is. This can include concealing income, making fraudulent transfers of property, and other illegal activities.

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 utilizing 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 Hoffman Estates, Illinois

Both federal law and the law of Illinois treat tax evasion as a severe criminal offense.

Punishments for evading one's taxes in Hoffman Estates range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.

In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion usually mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Hoffman Estates, Illinois committed willful fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.

A Hoffman Estates, Illinois Tax Evasion Lawyer Can Help

A Hoffman Estates, Illinois attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.

If you find yourself really accused of tax evasion, and are innocent, you should hire a Hoffman Estates, Illinois attorney with expertise practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.

Talk to a Tax Law Attorney now!

Life in Hoffman Estates

Hoffman Estates is situated to the northwest of downtown Chicago. This Cook County city is an affluent suburb that is home to 54,000 Illinois residents. Because it's an affluent city with many attractions, many lawyers call it home. Hoffman Estates lawyers are familiar with local courts and procedures, consulting on a wide range of cases. Major industry in Hoffman Estates include the headquarters of the Sears Holdings Corporation, the ATT headquarters for the Midwest, American headquarters for Japanese machine tool manufacturer Mori Seiki, and a number of sports teams.

The Sears Centre in Hoffman Estates plays host to major indoor soccer team Chicago Storm, the Chicago Slaughter indoor football team, and Chicago Bliss lingerie football team. More recently, Heartland International Tattoo relocated to the Sears Centre. It's one of the largest music and dance festivals in the Midwest. Hoffman Estates gained prominence in the mid-1960s and early 1970s when the Centex corporation began mass producing homes on adjacent lots. The location was desirable because the Northwest Tollway opened providing direct access to Chicago's downtown businesses. Soon afterward the Woodfield Mall opened and a master planned community began construction attracting a number of corporate headquarters and tourist attractions. 

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