Tax Evasion Lawyers in Los Banos
"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 Los Banos, 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 utilizing 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 Los Banos, California
Under federal and state law, including the laws of California, tax evasion is a very egregious crime.
Punishments for evading one's taxes in Los Banos range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.
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 particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was intentional, as opposed to an honest mistake.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Los Banos, California committed intentional fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.
A Los Banos, California Tax Evasion Lawyer Can Help
Tax lawyers in Los Banos, California can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
If you find yourself actually accused of tax evasion, and are innocent, you should hire a Los Banos, California attorney with expertise 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.