Tax Evasion Lawyers in North Las Vegas
Tax Evasion in Nevada is a criminal act in which someone willfully fails to pay their taxes.
Most often, people who try to evade their taxes in North Las Vegas, Nevada will take steps to conceal 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 willfully attempting to get out of one's tax liability through illegal means. Tax avoidance is perfectly legal, and involves utilizing 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 North Las Vegas, Nevada
The federal government and the laws of Nevada impose grave penalties for tax evasion - treating it as an extremely serious crime.
Tax evaders in North Las Vegas can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of penalties available, with the ones just mentioned representing the most severe options available.
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 particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was intentional, as opposed to an honest mistake.
However, if it can be clearly proven that a person or corporation in North Las Vegas, Nevada willfully attempted to conceal income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.
A North Las Vegas, Nevada Tax Evasion Lawyer Can Help
Tax lawyers in North Las Vegas, Nevada can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
In the unfortunate event that you're actually charged with tax evasion, it's important that you hire a qualified tax attorney in North Las Vegas, Nevada. 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.