Tax Evasion in Cudahy, California
"Tax Evasion" refers to the crime of willfully failing to pay one's taxes, as required by California law.
Normally, the strategy employed by tax evaders in Cudahy, 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 prohibited 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 Cudahy, California
The laws of the federal government, as well as California take tax evasion quite seriously, making it a crime.
In Cudahy, tax evasion can result in anything from a relatively 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 especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was purposeful, as opposed to an honest mistake.
On the other hand, if the prosecution can establish that a Cudahy, California taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's permitted by law. This can easily involve jail time.
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A Cudahy, California Tax Evasion Lawyer Can Help
Tax lawyers in Cudahy, California can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
Of course, if you've truly been accused of tax evasion, you should hire a Cudahy, California tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.