Tax Evasion Lawyers in Cambridge
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 Cambridge, 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 Cambridge, Massachusetts
Both federal law and the law of Massachusetts treat tax evasion as a serious criminal offense.
Punishments for evading one's taxes in Cambridge range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.
Typically, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of deliberate evasion, as opposed to an honest error in accounting.
But if the government is able to definitively prove that a defendant in Cambridge, Massachusetts intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.
A Cambridge, Massachusetts Tax Evasion Lawyer Can Help
Attorneys in Cambridge, 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.
In the unfortunate event that you're actually charged with tax evasion, it's essential that you hire a qualified tax attorney in Cambridge, Massachusetts. 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.