Tax Evasion Lawyers in Post Falls

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

There are a few strategies that tax evaders use in Post Falls, Idaho. 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.

It's important not to confuse "tax avoidance" and "tax evasion." They are two different things, but some people mistakenly use them interchangeably. Tax avoidance involves utilizing legal methods, such as tax deductions and exemptions, in a strategic manner, for the purpose of reducing one's tax liability. Tax avoidance is perfectly legal. Tax evasion involves fraud, and a deliberate attempt to avoid meeting one's legal commitments to pay taxes.

Penalties for Tax Evasion in Post Falls, Idaho

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

The penalties for tax evasion in Post Falls can range anywhere from small penalties to huge penalties, along with prison sentences of several years.

In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will normally be fairly mild. It will normally result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was willful.

However, if it can be clearly proven that a person or corporation in Post Falls, Idaho deliberately attempted to hide income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.

A Post Falls, Idaho Tax Evasion Lawyer Can Help

A Post Falls, Idaho 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.

If the government really charges you with tax evasion, it cannot be stressed enough that you need the assistance of a seasoned Post Falls, Idaho tax attorney. Assuming you're actually innocent, your tax lawyer can help you prepare a defense, and ensure that you have a good chance of being found not guilty. On top of that, they can make getting through such a difficult time much easier.