Tax Evasion Lawyers in Riviera Beach
"Tax Evasion" refers to the crime of intentionally failing to pay one's taxes, as required by Florida law.
Most often, people who try to evade their taxes in Riviera Beach, Florida will take steps to conceal 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 Riviera Beach, Florida
Both federal law and the law of Florida treat tax evasion as a serious criminal offense.
Tax evaders in Riviera Beach 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 usually so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
On the other hand, if the prosecution can prove that a Riviera Beach, Florida taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's allowed by law. This can easily involve jail time.
A Riviera Beach, Florida Tax Evasion Lawyer Can Help
A Riviera Beach, 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 actually charged with tax evasion, it's essential that you hire a qualified tax attorney in Riviera Beach, 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.