Tax Evasion in Campbell, California
"Tax Evasion" refers to the crime of willfully failing to pay one's taxes, as required by California law.
Usually, the strategy employed by tax evaders in Campbell, California is to try and make it look like they have less taxable income than they actually do. This can be done by failing to report income, concealing it, or fraudulently transferring property.
"Tax evasion" should not be confused with "tax avoidance." Tax evasion is the act of willfully attempting to get out of one's tax liability through unlawful means. Tax avoidance is perfectly legal, and involves using legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.
Penalties for Tax Evasion in Campbell, California
Under the laws of California, as well as federal law, tax evasion is a very severe criminal offense.
Punishments for evading one's taxes in Campbell 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.
However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not normally so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
But, if the government can prove that a defendant in Campbell, California willfully 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.
Find a Campbell Lawyer that Specializes in Your Area of Need:
A Campbell, California Tax Evasion Lawyer Can Help
Tax lawyers in Campbell, California can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
If you find yourself really accused of tax evasion, and are innocent, you should hire a Campbell, California attorney with experience practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.