Tax Evasion Lawyers in Nevada

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

Usually, tax evasion is accompanied by an attempt to make it appear to the government of Nevada, 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 purposely attempting to get out of one's tax liability through unlawful 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 Nevada, Missouri

The laws of the federal government, as well as Missouri take tax evasion extremely seriously, making it a crime.

Tax evaders in Nevada 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.

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 particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was intentional, as opposed to an honest mistake.

On the other hand, if the prosecution can show that a Nevada, Missouri taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's authorized by law. This can easily involve jail time.

A Nevada, Missouri Tax Evasion Lawyer Can Help

A tax attorney in Nevada, Missouri can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine clearly what one's tax liability is, and a tax attorney can help.

Of course, if you've really been accused of tax evasion, you should retain a Nevada, Missouri tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.