Tax Evasion Lawyers in Newberry
"Tax Evasion" refers to the crime of purposely failing to pay one's taxes, as required by Florida law.
Most commonly, people who try to evade their taxes in Newberry, Florida will take steps to hide their assets and income, or transferring their property to other legal entities in a fraudulent manner.
You should not confuse "tax evasion" with "tax avoidance." Tax evasion is illegal, and involves deliberately failing to pay one's taxes which they lawfully owe. Tax avoidance, on the other hand, is legal, and involves using legal strategies to lower one's legal tax liability. For example, strategically using deductions and tax credits to lower the amount of money you are legally obliged to pay, is an example of tax avoidance, assuming you actually pay your tax bill, whatever it ends up being.
Penalties for Tax Evasion in Newberry, Florida
Both federal law and the law of Florida treat tax evasion as a severe criminal offense.
In Newberry, tax evasion can result in anything from a relatively 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.
However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not normally so severe, especially 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 Newberry, Florida intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.
A Newberry, Florida Tax Evasion Lawyer Can Help
Attorneys in Newberry, Florida who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
Of course, if you've really been accused of tax evasion, you should retain a Newberry, Florida tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.