Tax Evasion Lawyers in Grinnell
"Tax Evasion" refers to the crime of deliberately failing to pay one's taxes, as required by Iowa law.
There are a few strategies that tax evaders use in Grinnell, Iowa. One of the most frequent 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 hide 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 deliberately attempting to get out of one's tax liability through unlawful 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 Grinnell, Iowa
The laws of the federal government, as well as Iowa take tax evasion extremely seriously, making it a crime.
The penalties for tax evasion in Grinnell can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
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 particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was intentional, as opposed to an honest mistake.
But if the government is able to definitively show that a defendant in Grinnell, 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 Grinnell, Iowa Tax Evasion Lawyer Can Help
A tax attorney in Grinnell, Iowa can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine clearly what one's tax liability is, and a tax attorney can help.
In the unfortunate event that you're really charged with tax evasion, it's imperative that you hire a reliable tax attorney in Grinnell, 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.