Tax Evasion Lawyers in Shively

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

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

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

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

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.

However, if it can be clearly proven that a person or corporation in Shively, Kentucky knowingly attempted to hide 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 Shively, Kentucky Tax Evasion Lawyer Can Help

Tax lawyers in Shively, Kentucky can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

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