Tax Evasion Lawyers in Las Vegas
Tax Evasion in Nevada is a criminal act in which someone deliberately fails to pay their taxes.
Most frequently, people who try to evade their taxes in Las Vegas, Nevada will take steps to harbor their assets and income, or transferring their property to other legal entities in a fraudulent manner.
"Tax evasion" should not be confused with "tax avoidance." Tax evasion is the act of deliberately attempting to get out of one's tax liability through prohibited means. Tax avoidance is perfectly legal, and involves using legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.
Penalties for Tax Evasion in Las Vegas, Nevada
The federal government and the laws of Nevada impose severe penalties for tax evasion - treating it as an extremely serious crime.
Tax evaders in Las Vegas can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.
Normally, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of deliberate evasion, as opposed to an honest error in accounting.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Las Vegas, Nevada 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 Las Vegas, Nevada Tax Evasion Lawyer Can Help
Tax lawyers in Las Vegas, Nevada can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
Of course, if you've truly been accused of tax evasion, you should hire a Las Vegas, Nevada tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.