Tax Evasion Lawyers in Half Moon Bay
"Tax Evasion" refers to the crime of knowingly failing to pay one's taxes, as required by California law.
Usually, the strategy employed by tax evaders in Half Moon Bay, 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 knowingly 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 Half Moon Bay, California
The laws of the federal government, as well as California take tax evasion extremely seriously, making it a crime.
Tax evaders in Half Moon Bay 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.
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.
On the other hand, if the prosecution can show that a Half Moon Bay, California taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's authorized by law. This can easily involve jail time.
A Half Moon Bay, California Tax Evasion Lawyer Can Help
A tax attorney in Half Moon Bay, California can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine clearly what one's tax liability is, and a tax attorney can help.
Of course, if you've really been accused of tax evasion, you should retain a Half Moon Bay, California tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.