Tax Evasion Lawyers in Fayette County

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

Normally, the strategy employed by tax evaders in Fayette County, Kentucky is to try and make it look like they have less taxable income than they actually do. This can be done by failing to report income, concealing it, or fraudulently transferring property.

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 Fayette County, Kentucky

Under the laws of Kentucky, as well as federal law, tax evasion is a very severe criminal offense.

Tax evaders in Fayette County 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.

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.

On the other hand, if the prosecution can establish that a Fayette County, Kentucky 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 Fayette County, Kentucky Tax Evasion Lawyer Can Help

A tax attorney in Fayette County, Kentucky 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 precisely what one's tax liability is, and a tax attorney can help.

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