Tax Evasion Lawyers in Wellsville
In Ohio, "tax evasion" is a crime that involves a purposeful failure to pay the taxes that the taxpayer legally owes.
Usually, tax evasion is accompanied by an attempt to make it appear to the government of Wellsville, 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 deliberately attempting to get out of one's tax liability through unlawful 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 Wellsville, Ohio
The federal government and the laws of Ohio impose severe penalties for tax evasion - treating it as an extremely serious crime.
Tax evaders in Wellsville 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 normally be fairly mild. It will normally 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.
But, if the government can prove that a defendant in Wellsville, Ohio deliberately 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 Wellsville, Ohio Tax Evasion Lawyer Can Help
Tax lawyers in Wellsville, 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 really accused of tax evasion, and are innocent, you should hire a Wellsville, 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.