Tax Evasion Lawyers in Hingham
In Massachusetts "tax evasion" is the crime of failing to pay the taxes that they owe.
Most commonly, people who try to evade their taxes in Hingham, Massachusetts will take steps to hide 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 unlawful 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 Hingham, Massachusetts
The federal government and the laws of Massachusetts impose severe penalties for tax evasion - treating it as an extremely serious crime.
In Hingham, the punishments for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to fines in the tens (or hundreds) of thousands of dollars, and imprisonment.
In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will normally be fairly mild. It will normally result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was purposeful.
However, if it can be clearly proven that a person or corporation in Hingham, Massachusetts 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 Hingham, Massachusetts Tax Evasion Lawyer Can Help
Tax lawyers in Hingham, Massachusetts can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
Of course, if you've really been accused of tax evasion, you should retain a Hingham, Massachusetts tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.