Tax Evasion Lawyers in Kingsford

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

There are a few strategies that tax evaders use in Kingsford, Michigan. One of the most typical tactics is to make it appear that the taxpayer has less taxable income than they actually do. There are a wide number of ways to harbor income for the purpose of evading one's tax liability, but all of them are illegal.

"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the prohibited act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Kingsford, Michigan

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

Tax evaders in Kingsford can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of penalties available, with the ones just mentioned representing the most severe options available.

However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not typically 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 Kingsford, Michigan knowingly attempted to harbor 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 Kingsford, Michigan Tax Evasion Lawyer Can Help

Attorneys in Kingsford, Michigan who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.

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