Tax Evasion Lawyers in Denton

Within Maryland "tax evasion" is the crime of failing to pay the taxes that they owe.

Most commonly, people who try to evade their taxes in Denton, Maryland will take steps to hide their assets and income, or transferring their property to other legal entities in a fraudulent manner.

You should not confuse "tax evasion" with "tax avoidance." Tax evasion is illegal, and involves deliberately failing to pay one's taxes which they lawfully owe. Tax avoidance, on the other hand, is legal, and involves utilizing legal strategies to lower one's legal tax liability. For example, strategically using deductions and tax credits to lower the amount of money you are legally obliged to pay, is an example of tax avoidance, assuming you actually pay your tax bill, whatever it ends up being.

Penalties for Tax Evasion in Denton, Maryland

Under the laws of Maryland, as well as federal law, tax evasion is a very egregious criminal offense.

Punishments for evading one's taxes in Denton 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.

However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not normally so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

However, if it can be clearly proven that a person or corporation in Denton, Maryland willfully 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 Denton, Maryland Tax Evasion Lawyer Can Help

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

Of course, if you've really been accused of tax evasion, you should retain a Denton, Maryland tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.