Tax Evasion Lawyers in Lincoln
Tax Evasion in Nebraska is a criminal act in which someone purposely fails to pay their taxes.
One of the most common prevalent tactics of tax evaders in Lincoln, 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 using 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 obligations to pay taxes.
Penalties for Tax Evasion in Lincoln, Nebraska
Under federal and state law, including the laws of Nebraska, tax evasion is a very severe crime.
The penalties for tax evasion in Lincoln can range anywhere from small fines to huge fines, along with prison sentences of several years.
In most cases, particularly 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 purposeful.
But if the government is able to definitively establish that a defendant in Lincoln, Nebraska intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.
A Lincoln, Nebraska Tax Evasion Lawyer Can Help
A tax attorney in Lincoln, Nebraska can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine precisely what one's tax liability is, and a tax attorney can help.
In the unfortunate event that you're truly charged with tax evasion, it's crucial that you hire a knowledgeable tax attorney in Lincoln, Nebraska. 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.