Tax Evasion in Laguna Woods, California
"Tax Evasion" refers to the crime of intentionally failing to pay one's taxes, as required by California law.
Usually, the strategy employed by tax evaders in Laguna Woods, 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 intentionally 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 Laguna Woods, California
Under federal and state law, including the laws of California, tax evasion is a very severe crime.
The penalties for tax evasion in Laguna Woods can range anywhere from small fines to huge fines, along with prison sentences of several years.
In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will normally be fairly mild. It will normally result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was purposeful.
But, if the government can prove that a defendant in Laguna Woods, California intentionally 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 Laguna Woods, California Tax Evasion Lawyer Can Help
A tax attorney in Laguna Woods, 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.
In the unfortunate event that you're really charged with tax evasion, it's essential that you hire a reliable tax attorney in Laguna Woods, 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.