Tax Evasion Lawyers in Evansdale

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

There are a few strategies that tax evaders use in Evansdale, 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 number 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 willfully attempting to get out of one's tax liability through prohibited means. Tax avoidance is perfectly legal, and involves utilizing 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 Evansdale, Iowa

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

In Evansdale, tax evasion can result in anything from a comparatively 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, particularly first offenses involving relatively small amounts of money, is not typically so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

But if the government is able to definitively establish that a defendant in Evansdale, Iowa intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.

A Evansdale, Iowa Tax Evasion Lawyer Can Help

An Evansdale, Iowa attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.

In the unfortunate event that you're truly charged with tax evasion, it's important that you hire a knowledgeable tax attorney in Evansdale, Iowa. 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.