Tax Evasion Lawyers in Nantucket

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

Penalties for Tax Evasion in Nantucket, 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 Nantucket 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.

In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly 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 Nantucket, 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 Nantucket, Massachusetts Tax Evasion Lawyer Can Help

An attorney in Nantucket, Massachusetts specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.

However, if you're actually accused of tax evasion, you will need a Nantucket, 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.