Tax Evasion Lawyers in Cherry Hills

"Tax Evasion" refers to the crime of knowingly failing to pay one's taxes, as required by Colorado law.

Normally, the strategy employed by tax evaders in Cherry Hills, Colorado 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 acquainted with the term "tax avoidance." It is critical 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 Cherry Hills, Colorado

Under the laws of Colorado, as well as federal law, tax evasion is a very egregious criminal offense.

The penalties for tax evasion in Cherry Hills can range anywhere from small penalties to huge penalties, along with prison sentences of several years.

In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically 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 intentional.

But if the government is able to definitively establish that a defendant in Cherry Hills, Colorado intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.

A Cherry Hills, Colorado Tax Evasion Lawyer Can Help

A Cherry Hills, Colorado attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.

In the unfortunate event that you're truly charged with tax evasion, it's critical that you hire a knowledgeable tax attorney in Cherry Hills, Colorado. 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.