Tax Evasion Lawyers in Stoneham
Within Massachusetts "tax evasion" is the crime of failing to pay the taxes that they owe.
Most frequently, people who try to evade their taxes in Stoneham, Massachusetts will take steps to harbor 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 prohibited 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 Stoneham, Massachusetts
Under federal and state law, including the laws of Massachusetts, tax evasion is a very egregious crime.
In Stoneham, the penalties for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to penalties in the tens (or hundreds) of thousands of dollars, and imprisonment.
In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically 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 intentional.
But if the government is able to definitively establish that a defendant in Stoneham, Massachusetts intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.
A Stoneham, Massachusetts Tax Evasion Lawyer Can Help
A Stoneham, Massachusetts attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.
In the unfortunate event that you're truly charged with tax evasion, it's essential that you hire a knowledgeable tax attorney in Stoneham, 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.