Tax Evasion Lawyers in Lexington

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

One of the most common prevalent tactics of tax evaders in Lexington, Nebraska is to attempt to make it appear to an outside observer that their tax liability is lower than it truly 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 Lexington, Nebraska

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

The penalties for tax evasion in Lexington 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 willful.

But, if the government can prove that a defendant in Lexington, Nebraska deliberately concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.

A Lexington, Nebraska Tax Evasion Lawyer Can Help

Tax lawyers in Lexington, Nebraska 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 truly accused of tax evasion, you will need a Lexington, Nebraska 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.