Tax Evasion Lawyers in Inverness
"Tax Evasion" refers to the crime of deliberately failing to pay one's taxes, as required by Florida law.
Most commonly, people who try to evade their taxes in Inverness, 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 deliberately 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 Inverness, Florida
Under federal and state law, including the laws of Florida, tax evasion is a very significant crime.
Punishments for evading one's taxes in Inverness 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 Inverness, 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 Inverness, Florida Tax Evasion Lawyer Can Help
An Inverness, Florida attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.
In the unfortunate event that you're really charged with tax evasion, it's imperative that you hire a reliable tax attorney in Inverness, 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.