Tax Evasion Lawyers in Manitou Springs

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

Normally, the strategy employed by tax evaders in Manitou Springs, 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 critical 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 Manitou Springs, Colorado

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

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

In most cases, especially 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 willful.

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

An attorney in Manitou Springs, 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.

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