Tax Evasion in Waterbury, Connecticut

Find the right Tax Evasion attorney in Waterbury, CT

Tax Evasion Lawyers in Waterbury

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

Most frequently, people who try to evade their taxes in Waterbury, Connecticut will take steps to harbor 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 knowingly attempting to get out of one's tax liability through prohibited 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 Waterbury, Connecticut

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

Punishments for evading one's taxes in Waterbury range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.

In the majority of tax evasion cases, however, the punishments are not so severe. This is especially 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.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Waterbury, Connecticut committed purposeful fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.

A Waterbury, Connecticut Tax Evasion Lawyer Can Help

A Waterbury, Connecticut attorney who specializes in tax law can help ensure that you are in compliance with all applicable tax laws, making an accusation of tax evasion less likely.

However, if you're truly accused of tax evasion, you will need a Waterbury, Connecticut tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.

Talk to a Tax Law Attorney now!

Life in Waterbury

Waterbury is located in New Haven County in the state of Connecticut. Waterbury, Connecticut has a population of about 111,000 and is noted for being the 5th largest city in the state.

Waterbury is commonly known as the "Brass City", due to its heavy production of brass throughout the decades. It was the leading producer of brassware in the U.S. during the early 20th century. In particular, Waterbury industries produced much of the brass casting and finishing in America. It is also a leading manufacturer of brass clocks and watches.

Currently, Waterbury, Connecticut offers numerous opportunities for residential housing, retail shopping, and employment. For example, the Brass Mill Center is a modern shopping complex that features nationally-known retail stores and restaurants. It also houses a cinema that shows feature films. Also, Main Street in Waterbury is an area dedicated to both historic preservation and downtown revitalization. It is host to a number of community events and business developments.

Waterbury Judicial District Courthouse is a major landmark in the city. Many Waterbury lawyers assist their clients by filing legal claims at the courthouse. Lawyers in Waterbury, Connecticut provide legal services in a diverse spectrum of legal fields.

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