Tax Evasion Lawyers in Henryetta
In Oklahoma, "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 Henryetta, Oklahoma 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 knowingly 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 Henryetta, Oklahoma
Under federal and state law, including the laws of Oklahoma, tax evasion is a very serious crime.
The penalties for tax evasion in Henryetta can range anywhere from small fines to huge fines, along with prison sentences of several years.
In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically 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 deliberate.
But, if the government can prove that a defendant in Henryetta, Oklahoma knowingly 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 Henryetta, Oklahoma Tax Evasion Lawyer Can Help
A tax attorney in Henryetta, Oklahoma can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine precisely what one's tax liability is, and a tax attorney can help.
If you find yourself truly accused of tax evasion, and are innocent, you should hire a Henryetta, Oklahoma 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.