Tax Evasion Lawyers in New Castle

"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 New Castle, 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 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 New Castle, Colorado

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

Punishments for evading one's taxes in New Castle range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.

Normally, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of deliberate evasion, as opposed to an honest error in accounting.

But, if the government can prove that a defendant in New Castle, Colorado intentionally 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 New Castle, Colorado Tax Evasion Lawyer Can Help

Tax lawyers in New Castle, 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 essential that you hire a knowledgeable tax attorney in New Castle, 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.