Tax Evasion Lawyers in Beverly Hills

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

Most commonly, people who try to evade their taxes in Beverly Hills, Michigan will take steps to hide 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 important 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 Beverly Hills, Michigan

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

Punishments for evading one's taxes in Beverly Hills range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.

However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not normally so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

However, if it can be clearly proven that a person or corporation in Beverly Hills, Michigan deliberately attempted to hide income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.

A Beverly Hills, Michigan Tax Evasion Lawyer Can Help

A Beverly Hills, 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.

If you find yourself really accused of tax evasion, and are innocent, you should hire a Beverly Hills, Michigan attorney with expertise 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.