Tax Evasion Lawyers in Schuyler

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

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

You may also be familiar with the term "tax avoidance." It is critical that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.

Penalties for Tax Evasion in Schuyler, Nebraska

Under the laws of Nebraska, as well as federal law, tax evasion is a very serious criminal offense.

Punishments for evading one's taxes in Schuyler range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.

Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was deliberate, as opposed to an honest mistake.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Schuyler, Nebraska committed deliberate 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 Schuyler, Nebraska Tax Evasion Lawyer Can Help

Attorneys in Schuyler, Nebraska who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.

Of course, if you've really been accused of tax evasion, you should retain a Schuyler, Nebraska tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.