Tax Evasion Lawyers in Lynnfield

Within 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 Lynnfield, 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 utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Lynnfield, Massachusetts

The federal government and the laws of Massachusetts impose grave penalties for tax evasion - treating it as an extremely serious crime.

Punishments for evading one's taxes in Lynnfield range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.

Usually, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of willful evasion, as opposed to an honest error in accounting.

But, if the government can prove that a defendant in Lynnfield, Massachusetts willfully 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 Lynnfield, Massachusetts Tax Evasion Lawyer Can Help

Tax lawyers in Lynnfield, Massachusetts can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

However, if you're really accused of tax evasion, you will need a Lynnfield, 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.