Tax Evasion Lawyers in North Smithfield

In Rhode Island, "tax evasion" is a crime that involves a willful failure to pay the taxes that the taxpayer legally owes.

One of the most common prevalent tactics of tax evaders in North Smithfield, Rhode Island is to attempt to make it appear to an outside observer that their tax liability is lower than it truly is, such as by concealing income, fraudulently transferring property, and others.

You may also be acquainted with the term "tax avoidance." It is critical that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.

Penalties for Tax Evasion in North Smithfield, Rhode Island

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

Punishments for evading one's taxes in North Smithfield 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.

Normally, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of willful evasion, as opposed to an honest error in accounting.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in North Smithfield, Rhode Island 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 North Smithfield, Rhode Island Tax Evasion Lawyer Can Help

Tax lawyers in North Smithfield, Rhode Island can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

If you find yourself truly accused of tax evasion, and are innocent, you should hire a North Smithfield, Rhode Island 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.