Tax Evasion Lawyers in Bradenton
"Tax Evasion" refers to the crime of deliberately failing to pay one's taxes, as required by Florida law.
Most frequently, people who try to evade their taxes in Bradenton, Florida 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 deliberately attempting to get out of one's tax liability through prohibited 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 Bradenton, Florida
The federal government and the laws of Florida impose grave penalties for tax evasion - treating it as an extremely serious crime.
Punishments for evading one's taxes in Bradenton 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.
Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was willful, as opposed to an honest mistake.
But if the government is able to definitively establish that a defendant in Bradenton, Florida 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 Bradenton, Florida Tax Evasion Lawyer Can Help
Attorneys in Bradenton, Florida 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 Bradenton, Florida. 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.