Tax Evasion Lawyers in Westminster
"Tax Evasion" refers to the crime of deliberately failing to pay one's taxes, as required by Colorado law.
Typically, the strategy employed by tax evaders in Westminster, 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 important 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 Westminster, Colorado
The laws of the federal government, as well as Colorado take tax evasion very seriously, making it a crime.
In Westminster, tax evasion can result in anything from a comparatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.
However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not usually so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
But if the government is able to definitively prove that a defendant in Westminster, 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 Westminster, Colorado Tax Evasion Lawyer Can Help
A Westminster, Colorado attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.
In the unfortunate event that you're actually charged with tax evasion, it's imperative that you hire a qualified tax attorney in Westminster, 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.