Tax Evasion Lawyers in Old Orchard Beach

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

Most frequently, people who try to evade their taxes in Old Orchard Beach, Maine will take steps to harbor 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 critical 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 Old Orchard Beach, Maine

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

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

In most cases, especially 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 willful.

But, if the government can prove that a defendant in Old Orchard Beach, Maine knowingly 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 Old Orchard Beach, Maine Tax Evasion Lawyer Can Help

An attorney in Old Orchard Beach, Maine specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.

However, if you're truly accused of tax evasion, you will need an Old Orchard Beach, 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.