Tax Evasion Lawyers in West Wendover

Tax Evasion in Nevada is a criminal act in which someone willfully fails to pay their taxes.

Most frequently, people who try to evade their taxes in West Wendover, Nevada 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 willfully attempting to get out of one's tax liability through prohibited means. Tax avoidance is perfectly legal, and involves utilizing 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 West Wendover, Nevada

Under federal and state law, including the laws of Nevada, tax evasion is a very egregious crime.

In West Wendover, tax evasion can result in anything from a comparatively 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.

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 particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was intentional, as opposed to an honest mistake.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in West Wendover, Nevada committed intentional 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 West Wendover, Nevada Tax Evasion Lawyer Can Help

Attorneys in West Wendover, Nevada who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.

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