Tax Evasion Lawyers in Frankfort

"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 Frankfort, 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 Frankfort, Illinois

The federal government and the laws of Illinois impose severe penalties for tax evasion - treating it as an extremely serious crime.

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

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually 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 deliberate.

But, if the government can prove that a defendant in Frankfort, 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 Frankfort, Illinois Tax Evasion Lawyer Can Help

A tax attorney in Frankfort, Illinois can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine exactly what one's tax liability is, and a tax attorney can help.

In the unfortunate event that you're actually charged with tax evasion, it's critical that you hire a qualified tax attorney in Frankfort, 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.