Tax Evasion Lawyers in Lafayette

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

Normally, the strategy employed by tax evaders in Lafayette, 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 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 Lafayette, Colorado

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

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

Normally, 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.

But if the government is able to definitively establish that a defendant in Lafayette, 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 Lafayette, Colorado Tax Evasion Lawyer Can Help

An attorney in Lafayette, Colorado specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.

If you find yourself truly accused of tax evasion, and are innocent, you should hire a Lafayette, Colorado attorney with expertise 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.