Tax Evasion in Mount Prospect, Illinois

Find the right Tax Evasion attorney in Mount Prospect, IL

Tax Evasion Lawyers in Mount Prospect

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

Normally, tax evasion is accompanied by an attempt to make it appear to the government of Mount Prospect, 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 using 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 Mount Prospect, Illinois

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

Tax evaders in Mount Prospect 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.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not typically so severe, especially 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 establish that a Mount Prospect, Illinois taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's permitted by law. This can easily involve jail time.

A Mount Prospect, Illinois Tax Evasion Lawyer Can Help

Tax lawyers in Mount Prospect, Illinois can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

Of course, if you've truly been accused of tax evasion, you should hire a Mount Prospect, Illinois tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.

Talk to a Tax Law Attorney now!

Life in Mount Prospect

Mount Prospect is located in Cook County, Illinois. It is located about 20 miles northwest from downtown Chicago. Around 55,000 people call Mount Prospect home.

Some famous people who have lived in Mount Prospect include Ian Brennan, Lee DeWyze, Jennifer Morrison, and Brian Gregory.

Some of the top employers include Caremark Rx, Bosch Tools, MetLife, Cummins-Allison, Wal-Mart, Rauland-Borg, and the school district.

Being so near to Chicago, Glenview residents have the benefit of taking advantage of the strong legal force in Chicago. Chicago is home to many top law firms that train excellent attorneys to handle any and every legal matter.

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