Tax Evasion Lawyers in Bloomingdale

"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 Bloomingdale, Illinois. One of the most typical 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 harbor 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 Bloomingdale, Illinois

Both federal law and the law of Illinois treat tax evasion as a significant criminal offense.

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

Normally, 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 is able to definitively establish that a defendant in Bloomingdale, Illinois intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.

A Bloomingdale, Illinois Tax Evasion Lawyer Can Help

An attorney in Bloomingdale, 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 truly been accused of tax evasion, you should hire a Bloomingdale, Illinois tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.