Tax Evasion in Globe, Arizona
"Tax Evasion" refers to the crime of intentionally failing to pay one's taxes, as required by Arizona law.
One of the most common common tactics of tax evaders in Globe, Arizona 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 may also be familiar with the term "tax avoidance." It is essential 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 Globe, Arizona
The federal government and the laws of Arizona impose severe penalties for tax evasion - treating it as an extremely serious crime.
Punishments for evading one's taxes in Globe range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.
Typically, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of purposeful evasion, as opposed to an honest error in accounting.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Globe, Arizona committed purposeful 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.
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A Globe, Arizona Tax Evasion Lawyer Can Help
Attorneys in Globe, Arizona who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
Of course, if you've actually been accused of tax evasion, you should contact a Globe, Arizona tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.