Tax Evasion Lawyers in Kenton County

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

Normally, the strategy employed by tax evaders in Kenton 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 utilizing 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 commitments to pay taxes.

Penalties for Tax Evasion in Kenton County, Kentucky

Both federal law and the law of Kentucky treat tax evasion as a significant criminal offense.

The penalties for tax evasion in Kenton County can range anywhere from small penalties to huge penalties, along with prison sentences of several years.

In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was intentional.

However, if it can be clearly proven that a person or corporation in Kenton County, Kentucky knowingly attempted to harbor income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.

A Kenton County, Kentucky Tax Evasion Lawyer Can Help

Tax lawyers in Kenton County, Kentucky 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 truly charged with tax evasion, it's critical that you hire a knowledgeable tax attorney in Kenton County, Kentucky. 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.