Tax Evasion Lawyers in La Junta

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

Typically, the strategy employed by tax evaders in La Junta, 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 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 La Junta, Colorado

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

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

Typically, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of intentional evasion, as opposed to an honest error in accounting.

On the other hand, if the prosecution can prove that a La Junta, Colorado taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's allowed by law. This can easily involve jail time.

A La Junta, Colorado Tax Evasion Lawyer Can Help

Tax lawyers in La Junta, Colorado can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

Of course, if you've actually been accused of tax evasion, you should contact a La Junta, Colorado tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.