Tax Evasion Lawyers in Maywood
"Tax Evasion" refers to the crime of deliberately failing to pay one's taxes, as required by California law.
Usually, the strategy employed by tax evaders in Maywood, 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.
It's important not to confuse "tax avoidance" and "tax evasion." They are two different things, but some people mistakenly use them interchangeably. Tax avoidance involves using legal methods, such as tax deductions and exemptions, in a strategic manner, for the purpose of reducing one's tax liability. Tax avoidance is perfectly legal. Tax evasion involves fraud, and a deliberate attempt to avoid meeting one's legal obligations to pay taxes.
Penalties for Tax Evasion in Maywood, California
Under the laws of California, as well as federal law, tax evasion is a very serious criminal offense.
In Maywood, the punishments for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to fines in the tens (or hundreds) of thousands of dollars, and imprisonment.
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.
However, if it can be clearly proven that a person or corporation in Maywood, California deliberately attempted to hide 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.
A Maywood, California Tax Evasion Lawyer Can Help
Tax lawyers in Maywood, California can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
If you find yourself really accused of tax evasion, and are innocent, you should hire a Maywood, California attorney with experience 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.