Tax Evasion Lawyers in Indian Harbour Beach

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

Most commonly, people who try to evade their taxes in Indian Harbour Beach, Florida 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 willfully 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 Indian Harbour Beach, Florida

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

Punishments for evading one's taxes in Indian Harbour Beach 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 can prove that a defendant in Indian Harbour Beach, Florida 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 Indian Harbour Beach, Florida Tax Evasion Lawyer Can Help

Attorneys in Indian Harbour Beach, 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 really accused of tax evasion, you will need an Indian Harbour Beach, 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.