Tax Evasion Lawyers in Canton
"Tax Evasion" refers to the crime of purposely failing to pay one's taxes, as required by Georgia law.
Most often, people who try to evade their taxes in Canton, Georgia will take steps to conceal their assets and income, or transferring their property to other legal entities in a fraudulent manner.
You may also be acquainted with the term "tax avoidance." It is crucial that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.
Penalties for Tax Evasion in Canton, Georgia
Under the laws of Georgia, as well as federal law, tax evasion is a very significant criminal offense.
The penalties for tax evasion in Canton can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was willful, as opposed to an honest mistake.
However, if it can be clearly proven that a person or corporation in Canton, Georgia purposely attempted to conceal 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 Canton, Georgia Tax Evasion Lawyer Can Help
Tax lawyers in Canton, Georgia 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 actually charged with tax evasion, it's crucial that you hire a qualified tax attorney in Canton, Georgia. 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.