Tax Evasion Lawyers in Pocahontas
"Tax Evasion" refers to the crime of deliberately failing to pay one's taxes, as required by Arkansas law.
One of the most common prevalent tactics of tax evaders in Pocahontas, Arkansas 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 important 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 Pocahontas, Arkansas
Under the laws of Arkansas, as well as federal law, tax evasion is a very egregious criminal offense.
The penalties for tax evasion in Pocahontas can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was intentional.
But, if the government can prove that a defendant in Pocahontas, Arkansas deliberately 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 Pocahontas, Arkansas Tax Evasion Lawyer Can Help
A tax attorney in Pocahontas, Arkansas can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine precisely what one's tax liability is, and a tax attorney can help.
In the unfortunate event that you're truly charged with tax evasion, it's imperative that you hire a knowledgeable tax attorney in Pocahontas, Arkansas. 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.