Tax Evasion Lawyers in Bensenville
"Tax Evasion" refers to the crime of knowingly failing to pay one's taxes, as required by Illinois law.
There are a few strategies that tax evaders use in Bensenville, Illinois. 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.
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 using 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 obligations to pay taxes.
Penalties for Tax Evasion in Bensenville, Illinois
Both federal law and the law of Illinois treat tax evasion as a serious criminal offense.
The penalties for tax evasion in Bensenville can range anywhere from small fines to huge fines, along with prison sentences of several years.
Typically, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of deliberate evasion, as opposed to an honest error in accounting.
But, if the government can prove that a defendant in Bensenville, Illinois knowingly concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.
A Bensenville, Illinois Tax Evasion Lawyer Can Help
Tax lawyers in Bensenville, Illinois can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
In the unfortunate event that you're actually charged with tax evasion, it's critical that you hire a qualified tax attorney in Bensenville, Illinois. 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.