Tax Evasion Lawyers in Lynwood

Within Illinois "tax evasion" is the crime of failing to pay the taxes that they owe.

Typically, tax evasion is accompanied by an attempt to make it appear to the government of Lynwood, Illinois that one's tax liability is lower than it actually is. This can include concealing income, making fraudulent transfers of property, and other illegal activities.

You should not confuse "tax evasion" with "tax avoidance." Tax evasion is illegal, and involves deliberately failing to pay one's taxes which they lawfully owe. Tax avoidance, on the other hand, is legal, and involves utilizing legal strategies to lower one's legal tax liability. For example, strategically using deductions and tax credits to lower the amount of money you are legally obliged to pay, is an example of tax avoidance, assuming you actually pay your tax bill, whatever it ends up being.

Penalties for Tax Evasion in Lynwood, Illinois

The laws of the federal government, as well as Illinois take tax evasion very seriously, making it a crime.

In Lynwood, the penalties for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to penalties in the tens (or hundreds) of thousands of dollars, and imprisonment.

However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not usually 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 prove that a Lynwood, Illinois taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's allowed by law. This can easily involve jail time.

A Lynwood, Illinois Tax Evasion Lawyer Can Help

Tax lawyers in Lynwood, 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 actually charged with tax evasion, it's important that you hire a qualified tax attorney in Lynwood, 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.