Tax Evasion Lawyers in Marshalltown

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

There are a few strategies that tax evaders use in Marshalltown, 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.

You should not confuse "tax evasion" with "tax avoidance." Tax evasion is illegal, and involves deliberately failing to pay one's taxes which they lawfully owe. Tax avoidance, on the other hand, is legal, and involves using legal strategies to lower one's legal tax liability. For example, strategically using deductions and tax credits to lower the amount of money you are legally obliged to pay, is an example of tax avoidance, assuming you actually pay your tax bill, whatever it ends up being.

Penalties for Tax Evasion in Marshalltown, Iowa

Under the laws of Iowa, as well as federal law, tax evasion is a very serious criminal offense.

Punishments for evading one's taxes in Marshalltown 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.

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 Marshalltown, 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 Marshalltown, Iowa Tax Evasion Lawyer Can Help

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

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