Tax Evasion in Gilroy, California
"Tax Evasion" refers to the crime of deliberately failing to pay one's taxes, as required by California law.
Typically, the strategy employed by tax evaders in Gilroy, 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 deliberately attempting to get out of one's tax liability through illegal 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 Gilroy, California
The laws of the federal government, as well as California take tax evasion very seriously, making it a crime.
Tax evaders in Gilroy can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.
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 deliberate, as opposed to an honest mistake.
However, if it can be clearly proven that a person or corporation in Gilroy, California deliberately attempted to conceal income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.
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A Gilroy, California Tax Evasion Lawyer Can Help
Tax lawyers in Gilroy, California can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
In the unfortunate event that you're actually charged with tax evasion, it's imperative that you hire a qualified tax attorney in Gilroy, California. If you are actually innocent, your tax attorney can help make sure that you have the best chance you can of being found not guilty.