Tax Evasion Lawyers in Farmington

Tax Evasion in Missouri is a criminal act in which someone deliberately fails to pay their taxes.

Typically, tax evasion is accompanied by an attempt to make it appear to the government of Farmington, Missouri that one's tax liability is lower than it actually is. This can include concealing income, making fraudulent transfers of property, and other illegal activities.

"Tax evasion" should not be confused with "tax avoidance." Tax evasion is the act of deliberately attempting to get out of one's tax liability through illegal means. Tax avoidance is perfectly legal, and involves utilizing legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.

Penalties for Tax Evasion in Farmington, Missouri

The federal government and the laws of Missouri impose grave penalties for tax evasion - treating it as an extremely serious crime.

In Farmington, tax evasion can result in anything from a comparatively 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.

In most cases, especially 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 willful.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Farmington, Missouri committed willful fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.

A Farmington, Missouri Tax Evasion Lawyer Can Help

Tax lawyers in Farmington, Missouri can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

If you find yourself actually accused of tax evasion, and are innocent, you should hire a Farmington, Missouri 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.