Tax Evasion Lawyers in Lone Tree

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

Usually, the strategy employed by tax evaders in Lone Tree, 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 Lone Tree, Colorado

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

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

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will normally be fairly mild. It will normally 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 Lone Tree, 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 Lone Tree, Colorado Tax Evasion Lawyer Can Help

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

However, if you're really accused of tax evasion, you will need a Lone Tree, Colorado tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.