Tax Evasion in Paradise Valley, Arizona
"Tax Evasion" refers to the crime of purposely failing to pay one's taxes, as required by Arizona law.
One of the most common frequent tactics of tax evaders in Paradise Valley, Arizona is to attempt to make it appear to an outside observer that their tax liability is lower than it really is, such as by concealing income, fraudulently transferring property, and others.
You may also be acquainted with the term "tax avoidance." It is crucial 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 Paradise Valley, Arizona
The laws of the federal government, as well as Arizona take tax evasion extremely seriously, making it a crime.
In Paradise Valley, 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 willful, as opposed to an honest mistake.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Paradise Valley, Arizona 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.
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A Paradise Valley, Arizona Tax Evasion Lawyer Can Help
Attorneys in Paradise Valley, Arizona 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 really been accused of tax evasion, you should retain a Paradise Valley, Arizona tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.