Tax Evasion Lawyers in Bethalto
"Tax Evasion" refers to the crime of intentionally failing to pay one's taxes, as required by Illinois law.
There are a few strategies that tax evaders use in Bethalto, Illinois. 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 variety 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 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 Bethalto, Illinois
Both federal law and the law of Illinois treat tax evasion as a severe criminal offense.
The penalties for tax evasion in Bethalto can range anywhere from small fines to huge fines, along with prison sentences of several years.
Usually, 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.
On the other hand, if the prosecution can show that a Bethalto, Illinois taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's authorized by law. This can easily involve jail time.
A Bethalto, Illinois Tax Evasion Lawyer Can Help
An attorney in Bethalto, Illinois specializing in tax law can help you comply with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.
Of course, if you've really been accused of tax evasion, you should retain a Bethalto, Illinois tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.