Tax Evasion Lawyers in Mount Healthy

Tax Evasion in Ohio is a criminal act in which someone deliberately fails to pay their taxes.

There are a few strategies that tax evaders use in Mount Healthy, Ohio. One of the most typical tactics is to make it appear that the taxpayer has less taxable income than they actually do. There are a wide number of ways to harbor income for the purpose of evading one's tax liability, but all of them are illegal.

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 utilizing 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 commitments to pay taxes.

Penalties for Tax Evasion in Mount Healthy, Ohio

Both federal law and the law of Ohio treat tax evasion as a significant criminal offense.

Tax evaders in Mount Healthy 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.

However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not typically so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

However, if it can be clearly proven that a person or corporation in Mount Healthy, Ohio deliberately attempted to harbor 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 Mount Healthy, Ohio Tax Evasion Lawyer Can Help

Tax lawyers in Mount Healthy, Ohio 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 truly charged with tax evasion, it's imperative that you hire a knowledgeable tax attorney in Mount Healthy, Ohio. 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.