Tax Evasion Lawyers in Boonville
In Missouri "tax evasion" is the crime of failing to pay the taxes that they owe.
There are a few strategies that tax evaders use in Boonville, Missouri. 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.
It's important not to confuse "tax avoidance" and "tax evasion." They are two different things, but some people mistakenly use them interchangeably. Tax avoidance involves using legal methods, such as tax deductions and exemptions, in a strategic manner, for the purpose of reducing one's tax liability. Tax avoidance is perfectly legal. Tax evasion involves fraud, and a deliberate attempt to avoid meeting one's legal obligations to pay taxes.
Penalties for Tax Evasion in Boonville, Missouri
The federal government and the laws of Missouri impose severe penalties for tax evasion - treating it as an extremely serious crime.
In Boonville, tax evasion can result in anything from a relatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.
Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was deliberate, as opposed to an honest mistake.
On the other hand, if the prosecution can prove that a Boonville, Missouri taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's allowed by law. This can easily involve jail time.
A Boonville, Missouri Tax Evasion Lawyer Can Help
Tax lawyers in Boonville, Missouri can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
In the unfortunate event that you're actually charged with tax evasion, it's imperative that you hire a qualified tax attorney in Boonville, Missouri. 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.