Tax Evasion Lawyers in Old Saybrook

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

Most often, people who try to evade their taxes in Old Saybrook, Connecticut will take steps to conceal their assets and income, or transferring their property to other legal entities in a fraudulent manner.

"Tax evasion" should not be confused with "tax avoidance." Tax evasion is the act of willfully attempting to get out of one's tax liability through illegal means. Tax avoidance is perfectly legal, and involves using legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.

Penalties for Tax Evasion in Old Saybrook, Connecticut

Under the laws of Connecticut, as well as federal law, tax evasion is a very severe criminal offense.

The penalties for tax evasion in Old Saybrook can range anywhere from small fines to huge fines, along with prison sentences of several years.

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was purposeful.

But, if the government can prove that a defendant in Old Saybrook, Connecticut willfully 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 Old Saybrook, Connecticut Tax Evasion Lawyer Can Help

An attorney in Old Saybrook, Connecticut specializing in tax law can help you comply with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.

If the government actually charges you with tax evasion, it cannot be stressed enough that you need the assistance of a good Old Saybrook, Connecticut tax attorney. Assuming you're actually innocent, your tax lawyer can help you prepare a defense, and ensure that you have a good chance of being found not guilty. On top of that, they can make getting through such a difficult time much easier.