Tax Evasion Lawyers in Edgewater

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

Normally, the strategy employed by tax evaders in Edgewater, 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 familiar with the term "tax avoidance." It is necessary 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 Edgewater, Colorado

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

Punishments for evading one's taxes in Edgewater range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not typically so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

But, if the government can prove that a defendant in Edgewater, Colorado willfully 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.

A Edgewater, Colorado Tax Evasion Lawyer Can Help

Tax lawyers in Edgewater, Colorado can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

In the unfortunate event that you're truly charged with tax evasion, it's important that you hire a knowledgeable tax attorney in Edgewater, 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.