Tax Evasion Lawyers in Leitchfield

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

Typically, the strategy employed by tax evaders in Leitchfield, 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 Leitchfield, Kentucky

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

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

In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly 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.

On the other hand, if the prosecution can prove that a Leitchfield, Kentucky taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's allowed by law. This can easily involve jail time.

A Leitchfield, Kentucky Tax Evasion Lawyer Can Help

A tax attorney in Leitchfield, Kentucky can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine exactly what one's tax liability is, and a tax attorney can help.

In the unfortunate event that you're actually charged with tax evasion, it's crucial that you hire a qualified tax attorney in Leitchfield, 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.