Tax Evasion Lawyers in Quincy
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 Quincy, 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 Quincy, Illinois
Under federal and state law, including the laws of Illinois, tax evasion is a very severe crime.
Punishments for evading one's taxes in Quincy range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.
Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was purposeful, as opposed to an honest mistake.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Quincy, Illinois committed purposeful fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.
A Quincy, Illinois Tax Evasion Lawyer Can Help
Tax lawyers in Quincy, Illinois can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
However, if you're truly accused of tax evasion, you will need a Quincy, 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.