Tax Evasion Lawyers in Tequesta
"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 Tequesta, 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 Tequesta, Florida
Under federal and state law, including the laws of Florida, tax evasion is a very severe crime.
In Tequesta, the punishments for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to fines in the tens (or hundreds) of thousands of dollars, and imprisonment.
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.
However, if it can be clearly proven that a person or corporation in Tequesta, Florida deliberately 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 Tequesta, Florida Tax Evasion Lawyer Can Help
A Tequesta, Florida attorney who specializes in tax law can help ensure that you are in compliance 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 Tequesta, 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.