Tax Evasion Lawyers in Nixa
Tax Evasion in Missouri is a criminal act in which someone intentionally fails to pay their taxes.
Typically, tax evasion is accompanied by an attempt to make it appear to the government of Nixa, 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 intentionally attempting to get out of one's tax liability through illegal means. Tax avoidance is perfectly legal, and involves using 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 Nixa, Missouri
The laws of the federal government, as well as Missouri take tax evasion very seriously, making it a crime.
Tax evaders in Nixa 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.
However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not usually so severe, especially 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 Nixa, Missouri intentionally attempted to conceal 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 Nixa, Missouri Tax Evasion Lawyer Can Help
Tax lawyers in Nixa, 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 essential that you hire a qualified tax attorney in Nixa, 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.