Tax Evasion in Albany, California
"Tax Evasion" refers to the crime of knowingly failing to pay one's taxes, as required by California law.
One of the most common frequent tactics of tax evaders in Albany, California 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 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 Albany, California
The laws of the federal government, as well as California take tax evasion extremely seriously, making it a crime.
The penalties for tax evasion in Albany can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
Usually, a 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.
But, if the government can prove that a defendant in Albany, California knowingly 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.
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A Albany, California Tax Evasion Lawyer Can Help
Attorneys in Albany, California 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.
However, if you're really accused of tax evasion, you will need a Albany, California tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.