Tax Evasion Lawyers in Petoskey
In 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 Petoskey, Michigan. One of the most common tactics is to make it appear that the taxpayer has less taxable income than they actually do. There are a wide variety of ways to conceal 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 illegal act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves using the tax laws strategically, to reduce one's actual tax liability as much as possible.
Penalties for Tax Evasion in Petoskey, Michigan
The federal government and the laws of Michigan impose severe penalties for tax evasion - treating it as an extremely serious crime.
Tax evaders in Petoskey can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.
In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually 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 deliberate.
But, if the government can prove that a defendant in Petoskey, Michigan purposely 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 Petoskey, Michigan Tax Evasion Lawyer Can Help
Tax lawyers in Petoskey, Michigan can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
If you find yourself actually accused of tax evasion, and are innocent, you should hire a Petoskey, Michigan attorney with experience 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.