Tax Evasion Lawyers in Bangor
Within Maine "tax evasion" is the crime of failing to pay the taxes that they owe.
Most often, people who try to evade their taxes in Bangor, Maine will take steps to conceal 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 Bangor, Maine
Under federal and state law, including the laws of Maine, tax evasion is a very egregious crime.
In Bangor, tax evasion can result in anything from a comparatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.
However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not usually so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
On the other hand, if the prosecution can prove that a Bangor, Maine taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's allowed by law. This can easily involve jail time.
A Bangor, Maine Tax Evasion Lawyer Can Help
Tax lawyers in Bangor, Maine can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
In the unfortunate event that you're actually charged with tax evasion, it's imperative that you hire a qualified tax attorney in Bangor, Maine. 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.