Tax Evasion Lawyers in Laurel
In Maryland "tax evasion" is the crime of failing to pay the taxes that they owe.
Most frequently, people who try to evade their taxes in Laurel, Maryland will take steps to harbor 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 using 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 Laurel, Maryland
Under the laws of Maryland, as well as federal law, tax evasion is a very serious criminal offense.
Tax evaders in Laurel can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.
In most cases, particularly 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 deliberate.
But, if the government can prove that a defendant in Laurel, Maryland deliberately 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 Laurel, Maryland Tax Evasion Lawyer Can Help
Tax lawyers in Laurel, Maryland can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
If you find yourself truly accused of tax evasion, and are innocent, you should hire a Laurel, Maryland attorney with experience practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.