Tax Evasion Lawyers in New Canaan

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

Normally, the strategy employed by tax evaders in New Canaan, 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 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 New Canaan, 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 New Canaan 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 normally 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 New Canaan, Connecticut deliberately 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 New Canaan, Connecticut Tax Evasion Lawyer Can Help

Attorneys in New Canaan, Connecticut who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.

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