Tax Evasion Lawyers in Poplar Bluff
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 Poplar Bluff, 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 Poplar Bluff, Missouri
Under federal and state law, including the laws of Missouri, tax evasion is a very egregious crime.
In Poplar Bluff, 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 intentional.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Poplar Bluff, Missouri committed intentional 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 Poplar Bluff, Missouri Tax Evasion Lawyer Can Help
Tax lawyers in Poplar Bluff, Missouri can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
However, if you're actually accused of tax evasion, you will need a Poplar Bluff, Missouri tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.