Tax Evasion Lawyers in Chester
"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 Chester, 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 Chester, Illinois
Both federal law and the law of Illinois treat tax evasion as a severe criminal offense.
Tax evaders in Chester 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.
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.
But, if the government can prove that a defendant in Chester, Illinois intentionally 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 Chester, Illinois Tax Evasion Lawyer Can Help
Tax lawyers in Chester, Illinois can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
In the unfortunate event that you're really charged with tax evasion, it's essential that you hire a reliable tax attorney in Chester, 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.