Tax Evasion Lawyers in Madison

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

Normally, the strategy employed by tax evaders in Madison, 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 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 Madison, 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 Madison 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 establish that a Madison, 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 Madison, Connecticut Tax Evasion Lawyer Can Help

Tax lawyers in Madison, Connecticut can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

However, if you're truly accused of tax evasion, you will need a Madison, Connecticut tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.