Tax Evasion Lawyers in Putnam County

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

Most commonly, people who try to evade their taxes in Putnam County, 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 utilizing 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 Putnam County, Florida

Both federal law and the law of Florida treat tax evasion as a severe criminal offense.

Tax evaders in Putnam County can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of penalties available, with the ones just mentioned representing the most severe options available.

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.

However, if it can be clearly proven that a person or corporation in Putnam County, Florida knowingly attempted to hide income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.

A Putnam County, Florida Tax Evasion Lawyer Can Help

Tax lawyers in Putnam County, Florida can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

In the unfortunate event that you're really charged with tax evasion, it's critical that you hire a reliable tax attorney in Putnam County, 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.