Tax Evasion Lawyers in South Euclid
In Ohio, "tax evasion" is a crime that involves a willful failure to pay the taxes that the taxpayer legally owes.
Normally, tax evasion is accompanied by an attempt to make it appear to the government of South Euclid, Ohio that one's tax liability is lower than it actually is. This can include concealing income, making fraudulent transfers of property, and other illegal activities.
"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 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 South Euclid, Ohio
The federal government and the laws of Ohio impose severe penalties for tax evasion - treating it as an extremely serious crime.
Punishments for evading one's taxes in South Euclid range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.
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.
But, if the government can prove that a defendant in South Euclid, Ohio willfully 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 South Euclid, Ohio Tax Evasion Lawyer Can Help
Tax lawyers in South Euclid, Ohio 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 truly accused of tax evasion, and are innocent, you should hire a South Euclid, Ohio 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.