Tax Evasion Lawyers in Haddam

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

Normally, the strategy employed by tax evaders in Haddam, 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 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 Haddam, Connecticut

The laws of the federal government, as well as Connecticut take tax evasion quite seriously, making it a crime.

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

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 purposeful evasion, as opposed to an honest error in accounting.

On the other hand, if the prosecution can establish that a Haddam, Connecticut taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's permitted by law. This can easily involve jail time.

A Haddam, Connecticut Tax Evasion Lawyer Can Help

A Haddam, Connecticut attorney who specializes in tax law can help ensure that you are in compliance with all applicable tax laws, making an accusation of tax evasion less likely.

In the unfortunate event that you're truly charged with tax evasion, it's essential that you hire a knowledgeable tax attorney in Haddam, 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.