Tax Evasion Lawyers in New Albany

In Indiana "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 New Albany, Indiana 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 may also be familiar with the term "tax avoidance." It is necessary that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.

Penalties for Tax Evasion in New Albany, Indiana

Both federal law and the law of Indiana treat tax evasion as a serious criminal offense.

Punishments for evading one's taxes in New Albany 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.

In the majority of tax evasion cases, however, the punishments are not so severe. This is especially likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion typically mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.

But, if the government can prove that a defendant in New Albany, Indiana willfully 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 New Albany, Indiana Tax Evasion Lawyer Can Help

Attorneys in New Albany, Indiana who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.

In the unfortunate event that you're actually charged with tax evasion, it's important that you hire a qualified tax attorney in New Albany, Indiana. 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.