Tax Evasion Lawyers in Fulton

Tax Evasion in Mississippi is a criminal act in which someone intentionally fails to pay their taxes.

Usually, tax evasion is accompanied by an attempt to make it appear to the government of Fulton, Mississippi 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.

It's important not to confuse "tax avoidance" and "tax evasion." They are two different things, but some people mistakenly use them interchangeably. Tax avoidance involves using legal methods, such as tax deductions and exemptions, in a strategic manner, for the purpose of reducing one's tax liability. Tax avoidance is perfectly legal. Tax evasion involves fraud, and a deliberate attempt to avoid meeting one's legal obligations to pay taxes.

Penalties for Tax Evasion in Fulton, Mississippi

The federal government and the laws of Mississippi impose severe penalties for tax evasion - treating it as an extremely serious crime.

In Fulton, tax evasion can result in anything from a relatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.

In the majority of tax evasion cases, however, the punishments are not so severe. This is especially 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.

But, if the government can prove that a defendant in Fulton, Mississippi intentionally concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.

A Fulton, Mississippi Tax Evasion Lawyer Can Help

A tax attorney in Fulton, Mississippi can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine clearly what one's tax liability is, and a tax attorney can help.

In the unfortunate event that you're really charged with tax evasion, it's essential that you hire a reliable tax attorney in Fulton, Mississippi. If you are actually innocent, your tax attorney can help make sure that you have the best chance you can of being found not guilty.