Tax Evasion Lawyers in Thomson
"Tax Evasion" refers to the crime of intentionally failing to pay one's taxes, as required by Georgia law.
Most often, people who try to evade their taxes in Thomson, 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 familiar with the term "tax avoidance." It is essential 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 Thomson, Georgia
The federal government and the laws of Georgia impose severe penalties for tax evasion - treating it as an extremely serious crime.
Punishments for evading one's taxes in Thomson 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.
In the majority of tax evasion cases, however, the punishments are not so severe. This is especially likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion typically mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.
However, if it can be clearly proven that a person or corporation in Thomson, Georgia intentionally 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 Thomson, Georgia Tax Evasion Lawyer Can Help
Attorneys in Thomson, Georgia who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
Of course, if you've actually been accused of tax evasion, you should contact a Thomson, Georgia tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.