Tax Evasion Lawyers in Sparks

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

Most often, people who try to evade their taxes in Sparks, 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 knowingly attempting to get out of one's tax liability through illegal 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 Sparks, 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 Sparks 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.

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually 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.

However, if it can be clearly proven that a person or corporation in Sparks, Nevada knowingly 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 Sparks, Nevada Tax Evasion Lawyer Can Help

Tax lawyers in Sparks, Nevada can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

If you find yourself actually accused of tax evasion, and are innocent, you should hire a Sparks, Nevada attorney with experience practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.