Tax Evasion Lawyers in Homer
"Tax Evasion" refers to the crime of willfully failing to pay one's taxes, as required by Alaska law.
One of the most common common tactics of tax evaders in Homer, Alaska is to attempt to make it appear to an outside observer that their tax liability is lower than it actually is, such as by concealing income, fraudulently transferring property, and others.
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 Homer, Alaska
Under the laws of Alaska, as well as federal law, tax evasion is a very egregious criminal offense.
Punishments for evading one's taxes in Homer 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.
However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not usually so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
But if the government is able to definitively prove that a defendant in Homer, Alaska intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.
A Homer, Alaska Tax Evasion Lawyer Can Help
A Homer, Alaska 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.
In the unfortunate event that you're actually charged with tax evasion, it's important that you hire a qualified tax attorney in Homer, Alaska. 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.