Tax Evasion Lawyers in Greenville
Tax Evasion in Mississippi is a criminal act in which someone knowingly fails to pay their taxes.
Normally, tax evasion is accompanied by an attempt to make it appear to the government of Greenville, Mississippi 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 Greenville, Mississippi
The federal government and the laws of Mississippi impose grave penalties for tax evasion - treating it as an extremely serious crime.
In Greenville, 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 the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion normally mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Greenville, Mississippi committed willful 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 Greenville, Mississippi Tax Evasion Lawyer Can Help
Attorneys in Greenville, Mississippi who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.
Of course, if you've truly been accused of tax evasion, you should hire a Greenville, Mississippi tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.