Tax Evasion Lawyers in Manchester
"Tax Evasion" refers to the crime of purposely failing to pay one's taxes, as required by Connecticut law.
Usually, the strategy employed by tax evaders in Manchester, 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 Manchester, 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 Manchester can range anywhere from small penalties to huge penalties, 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 particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was willful, as opposed to an honest mistake.
On the other hand, if the prosecution can show that a Manchester, Connecticut taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's authorized by law. This can easily involve jail time.
A Manchester, Connecticut Tax Evasion Lawyer Can Help
Tax lawyers in Manchester, Connecticut can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
Of course, if you've really been accused of tax evasion, you should retain a Manchester, Connecticut tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.