Tax Evasion Lawyers in Albion

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

Most frequently, people who try to evade their taxes in Albion, Michigan 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 crucial 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 Albion, Michigan

Both federal law and the law of Michigan treat tax evasion as a significant criminal offense.

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

Normally, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of intentional evasion, as opposed to an honest error in accounting.

On the other hand, if the prosecution can establish that an Albion, Michigan taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's permitted by law. This can easily involve jail time.

A Albion, Michigan Tax Evasion Lawyer Can Help

An Albion, Michigan attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.

In the unfortunate event that you're truly charged with tax evasion, it's crucial that you hire a knowledgeable tax attorney in Albion, Michigan. 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.