Tax Evasion Lawyers in Wildwood

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

Normally, tax evasion is accompanied by an attempt to make it appear to the government of Wildwood, 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.

It's important not to confuse "tax avoidance" and "tax evasion." They are two different things, but some people mistakenly use them interchangeably. Tax avoidance involves utilizing legal methods, such as tax deductions and exemptions, in a strategic manner, for the purpose of reducing one's tax liability. Tax avoidance is perfectly legal. Tax evasion involves fraud, and a deliberate attempt to avoid meeting one's legal commitments to pay taxes.

Penalties for Tax Evasion in Wildwood, Missouri

Both federal law and the law of Missouri treat tax evasion as a significant criminal offense.

The penalties for tax evasion in Wildwood can range anywhere from small penalties to huge penalties, along with prison sentences of several years.

In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically 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 it can be clearly proven that a person or corporation in Wildwood, Missouri deliberately attempted to harbor 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 Wildwood, Missouri Tax Evasion Lawyer Can Help

Tax lawyers in Wildwood, 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 truly charged with tax evasion, it's imperative that you hire a knowledgeable tax attorney in Wildwood, 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.