Tax Evasion Lawyers in Pacific
Tax Evasion in Missouri is a criminal act in which someone willfully fails to pay their taxes.
Typically, tax evasion is accompanied by an attempt to make it appear to the government of Pacific, 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 willfully 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 Pacific, Missouri
Under federal and state law, including the laws of Missouri, tax evasion is a very significant crime.
In Pacific, 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.
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 willful, as opposed to an honest mistake.
On the other hand, if the prosecution can prove that a Pacific, Missouri taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's allowed by law. This can easily involve jail time.
A Pacific, Missouri Tax Evasion Lawyer Can Help
Tax lawyers in Pacific, Missouri can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
In the unfortunate event that you're actually charged with tax evasion, it's important that you hire a qualified tax attorney in Pacific, 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.