Tax Evasion Lawyers in Fairbury

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

One of the most common common tactics of tax evaders in Fairbury, Nebraska is to attempt to make it appear to an outside observer that their tax liability is lower than it actually is, such as by concealing income, fraudulently transferring property, and others.

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 Fairbury, Nebraska

Under federal and state law, including the laws of Nebraska, tax evasion is a very egregious crime.

In Fairbury, the penalties for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to penalties in the tens (or hundreds) of thousands of dollars, and imprisonment.

Typically, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of intentional evasion, as opposed to an honest error in accounting.

But if the government is able to definitively prove that a defendant in Fairbury, Nebraska intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.

A Fairbury, Nebraska Tax Evasion Lawyer Can Help

Attorneys in Fairbury, Nebraska 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 actually been accused of tax evasion, you should contact a Fairbury, Nebraska tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.