Tax Evasion Lawyers in Cumming
"Tax Evasion" refers to the crime of knowingly failing to pay one's taxes, as required by Georgia law.
Most commonly, people who try to evade their taxes in Cumming, Georgia will take steps to hide their assets and income, or transferring their property to other legal entities in a fraudulent manner.
You may also be familiar with the term "tax avoidance." It is critical 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 Cumming, Georgia
Under the laws of Georgia, as well as federal law, tax evasion is a very severe criminal offense.
Punishments for evading one's taxes in Cumming range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.
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 especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was purposeful, as opposed to an honest mistake.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Cumming, Georgia committed purposeful fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.
A Cumming, Georgia Tax Evasion Lawyer Can Help
A tax attorney in Cumming, Georgia can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine clearly what one's tax liability is, and a tax attorney can help.
Of course, if you've really been accused of tax evasion, you should retain a Cumming, Georgia tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.