Tax Evasion Lawyers in Champaign County

"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 Champaign County, 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 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 Champaign County, Illinois

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

Tax evaders in Champaign County can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of penalties available, with the ones just mentioned representing the most severe options available.

However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not normally so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

On the other hand, if the prosecution can show that a Champaign County, Illinois taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's authorized by law. This can easily involve jail time.

A Champaign County, Illinois Tax Evasion Lawyer Can Help

Tax lawyers in Champaign County, Illinois can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

However, if you're really accused of tax evasion, you will need a Champaign County, Illinois tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.