Tax Evasion Lawyers in Bolton
In Massachusetts "tax evasion" is the crime of failing to pay the taxes that they owe.
Most often, people who try to evade their taxes in Bolton, Massachusetts will take steps to conceal their assets and income, or transferring their property to other legal entities in a fraudulent manner.
"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the illegal act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves using the tax laws strategically, to reduce one's actual tax liability as much as possible.
Penalties for Tax Evasion in Bolton, Massachusetts
Both federal law and the law of Massachusetts treat tax evasion as a serious criminal offense.
The penalties for tax evasion in Bolton can range anywhere from small fines to huge fines, along with prison sentences of several years.
In the majority of tax evasion cases, however, the punishments are not so severe. This is especially 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.
But, if the government can prove that a defendant in Bolton, Massachusetts purposely concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.
A Bolton, Massachusetts Tax Evasion Lawyer Can Help
Attorneys in Bolton, Massachusetts who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
However, if you're actually accused of tax evasion, you will need a Bolton, Massachusetts tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.