Tax Evasion Lawyers in Ledyard
"Tax Evasion" refers to the crime of deliberately failing to pay one's taxes, as required by Connecticut law.
Usually, the strategy employed by tax evaders in Ledyard, 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 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 Ledyard, Connecticut
The laws of the federal government, as well as Connecticut take tax evasion extremely seriously, making it a crime.
The penalties for tax evasion in Ledyard can range anywhere from small fines to huge fines, along with prison sentences of several years.
Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was purposeful, as opposed to an honest mistake.
On the other hand, if the prosecution can show that a Ledyard, Connecticut taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's authorized by law. This can easily involve jail time.
A Ledyard, Connecticut Tax Evasion Lawyer Can Help
A tax attorney in Ledyard, Connecticut can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine clearly what one's tax liability is, and a tax attorney can help.
In the unfortunate event that you're really charged with tax evasion, it's imperative that you hire a reliable tax attorney in Ledyard, 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.