Tax Evasion Lawyers in Eldridge

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

There are a few strategies that tax evaders use in Eldridge, Iowa. One of the most typical tactics is to make it appear that the taxpayer has less taxable income than they actually do. There are a wide variety of ways to harbor income for the purpose of evading one's tax liability, but all of them are illegal.

"Tax evasion" should not be confused with "tax avoidance." Tax evasion is the act of knowingly attempting to get out of one's tax liability through prohibited means. Tax avoidance is perfectly legal, and involves using legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.

Penalties for Tax Evasion in Eldridge, Iowa

The laws of the federal government, as well as Iowa take tax evasion quite seriously, making it a crime.

In Eldridge, tax evasion can result in anything from a relatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not typically so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

But, if the government can prove that a defendant in Eldridge, Iowa knowingly concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.

A Eldridge, Iowa Tax Evasion Lawyer Can Help

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

However, if you're truly accused of tax evasion, you will need an Eldridge, Iowa tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.