Tax Evasion Lawyers in Greenwood

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

Normally, the strategy employed by tax evaders in Greenwood, 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 crucial 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 Greenwood, Colorado

Both federal law and the law of Colorado treat tax evasion as a significant criminal offense.

In Greenwood, tax evasion can result in anything from a relatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.

In most cases, particularly 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 deliberate.

But, if the government can prove that a defendant in Greenwood, Colorado purposely 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 Greenwood, Colorado Tax Evasion Lawyer Can Help

Tax lawyers in Greenwood, 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 crucial that you hire a knowledgeable tax attorney in Greenwood, 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.