Tax Evasion Lawyers in Tolland
"Tax Evasion" refers to the crime of intentionally failing to pay one's taxes, as required by Connecticut law.
Most commonly, people who try to evade their taxes in Tolland, Connecticut will take steps to hide 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 intentionally attempting to get out of one's tax liability through unlawful means. Tax avoidance is perfectly legal, and involves utilizing 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 Tolland, Connecticut
Under the laws of Connecticut, as well as federal law, tax evasion is a very significant criminal offense.
Punishments for evading one's taxes in Tolland range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.
However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not normally so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
But if the government is able to definitively show that a defendant in Tolland, Connecticut intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.
A Tolland, Connecticut Tax Evasion Lawyer Can Help
Attorneys in Tolland, 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 really charged with tax evasion, it's essential that you hire a reliable tax attorney in Tolland, 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.