Tax Evasion Lawyers in Derby
"Tax Evasion" refers to the crime of knowingly failing to pay one's taxes, as required by Connecticut law.
Usually, the strategy employed by tax evaders in Derby, 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 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 Derby, Connecticut
The laws of the federal government, as well as Connecticut take tax evasion extremely seriously, making it a crime.
In Derby, 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.
However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not normally 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 show that a defendant in Derby, Connecticut 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 Derby, Connecticut Tax Evasion Lawyer Can Help
A Derby, Connecticut 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 really charged with tax evasion, it's critical that you hire a reliable tax attorney in Derby, 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.