Tax Evasion Lawyers in Kennebunk
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 Kennebunk, Maine will take steps to conceal their assets and income, or transferring their property to other legal entities in a fraudulent manner.
You may also be acquainted with the term "tax avoidance." It is essential that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.
Penalties for Tax Evasion in Kennebunk, Maine
Under the laws of Maine, as well as federal law, tax evasion is a very significant criminal offense.
In Kennebunk, 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.
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 Kennebunk, 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 Kennebunk, Maine Tax Evasion Lawyer Can Help
Tax lawyers in Kennebunk, Maine can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
However, if you're actually accused of tax evasion, you will need a Kennebunk, Maine tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.