Tax Evasion Lawyers in Murray

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

Usually, the strategy employed by tax evaders in Murray, 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 Murray, Kentucky

Under federal and state law, including the laws of Kentucky, tax evasion is a very severe crime.

In Murray, tax evasion can result in anything from a relatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not normally so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

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

A Murray, Kentucky Tax Evasion Lawyer Can Help

A tax attorney in Murray, 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 clearly what one's tax liability is, and a tax attorney can help.

In the unfortunate event that you're really charged with tax evasion, it's crucial that you hire a reliable tax attorney in Murray, 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.