Tax Evasion Lawyers in Holly Springs

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

Most frequently, people who try to evade their taxes in Holly Springs, Georgia will take steps to harbor 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 Holly Springs, Georgia

Both federal law and the law of Georgia treat tax evasion as a significant criminal offense.

The penalties for tax evasion in Holly Springs can range anywhere from small fines to huge fines, along with prison sentences of several years.

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was purposeful.

However, if it can be clearly proven that a person or corporation in Holly Springs, Georgia knowingly attempted to harbor 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 Holly Springs, Georgia Tax Evasion Lawyer Can Help

Tax lawyers in Holly Springs, Georgia can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

In the unfortunate event that you're truly charged with tax evasion, it's critical that you hire a knowledgeable tax attorney in Holly Springs, 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.