Tax Evasion Lawyers in Bridgeport
"Tax Evasion" refers to the crime of purposely failing to pay one's taxes, as required by Connecticut law.
Typically, the strategy employed by tax evaders in Bridgeport, Connecticut 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 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 Bridgeport, Connecticut
The laws of the federal government, as well as Connecticut take tax evasion very seriously, making it a crime.
In Bridgeport, the penalties for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to penalties in the tens (or hundreds) of thousands of dollars, and imprisonment.
Typically, 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.
On the other hand, if the prosecution can prove that a Bridgeport, Connecticut taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's allowed by law. This can easily involve jail time.
A Bridgeport, Connecticut Tax Evasion Lawyer Can Help
Tax lawyers in Bridgeport, Connecticut can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
In the unfortunate event that you're actually charged with tax evasion, it's crucial that you hire a qualified tax attorney in Bridgeport, Connecticut. 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.