Tax Evasion Lawyers in Daytona Beach Shores

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

Most frequently, people who try to evade their taxes in Daytona Beach Shores, 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 purposely 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 Daytona Beach Shores, Florida

Under federal and state law, including the laws of Florida, tax evasion is a very significant crime.

In Daytona Beach Shores, tax evasion can result in anything from a comparatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.

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.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Daytona Beach Shores, Florida committed willful 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 Daytona Beach Shores, Florida Tax Evasion Lawyer Can Help

Attorneys in Daytona Beach Shores, 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.

However, if you're truly accused of tax evasion, you will need a Daytona Beach Shores, Florida 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.