Tax Evasion Lawyers in Northwood
Tax Evasion in Ohio is a criminal act in which someone intentionally fails to pay their taxes.
There are a few strategies that tax evaders use in Northwood, Ohio. One of the most common 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 conceal 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 Northwood, Ohio
The federal government and the laws of Ohio impose grave penalties for tax evasion - treating it as an extremely serious crime.
In Northwood, tax evasion can result in anything from a comparatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.
In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion typically mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.
But, if the government can prove that a defendant in Northwood, Ohio intentionally concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.
A Northwood, Ohio Tax Evasion Lawyer Can Help
Attorneys in Northwood, Ohio who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.
In the unfortunate event that you're actually charged with tax evasion, it's essential that you hire a qualified tax attorney in Northwood, 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.