Tax Evasion Lawyers in Iowa Falls

"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 Iowa Falls, Iowa. One of the most common 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 conceal 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 illegal 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 Iowa Falls, Iowa

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

Tax evaders in Iowa Falls can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.

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 especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was deliberate, as opposed to an honest mistake.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Iowa Falls, Iowa committed deliberate fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.

A Iowa Falls, Iowa Tax Evasion Lawyer Can Help

A tax attorney in Iowa Falls, Iowa can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine exactly what one's tax liability is, and a tax attorney can help.

Of course, if you've actually been accused of tax evasion, you should contact an Iowa Falls, Iowa tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.