Tax Evasion Lawyers in Yreka
"Tax Evasion" refers to the crime of intentionally failing to pay one's taxes, as required by California law.
Typically, the strategy employed by tax evaders in Yreka, 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.
You may also be familiar with the term "tax avoidance." It is essential that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.
Penalties for Tax Evasion in Yreka, California
Under the laws of California, as well as federal law, tax evasion is a very serious criminal offense.
In Yreka, 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.
In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually 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 deliberate.
However, if it can be clearly proven that a person or corporation in Yreka, California intentionally 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.
A Yreka, California Tax Evasion Lawyer Can Help
Tax lawyers in Yreka, 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 actually accused of tax evasion, and are innocent, you should hire a Yreka, 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.