Tax Evasion Lawyers in Wenham

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 Wenham, 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 Wenham, Massachusetts

Under federal and state law, including the laws of Massachusetts, tax evasion is a very serious crime.

The penalties for tax evasion in Wenham can range anywhere from small fines to huge fines, along with prison sentences of several years.

Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was deliberate, as opposed to an honest mistake.

On the other hand, if the prosecution can prove that a Wenham, Massachusetts taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's allowed by law. This can easily involve jail time.

A Wenham, Massachusetts Tax Evasion Lawyer Can Help

Tax lawyers in Wenham, 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 actually been accused of tax evasion, you should contact a Wenham, Massachusetts tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.