Tax Evasion Lawyers in Montville
"Tax Evasion" refers to the crime of intentionally failing to pay one's taxes, as required by Connecticut law.
Typically, the strategy employed by tax evaders in Montville, 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 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 Montville, Connecticut
The laws of the federal government, as well as Connecticut take tax evasion very seriously, making it a crime.
The penalties for tax evasion in Montville can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion typically mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.
But, if the government can prove that a defendant in Montville, Connecticut intentionally concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.
A Montville, Connecticut Tax Evasion Lawyer Can Help
A tax attorney in Montville, Connecticut can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine exactly what one's tax liability is, and a tax attorney can help.
In the unfortunate event that you're actually charged with tax evasion, it's essential that you hire a qualified tax attorney in Montville, 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.