Tax Evasion Lawyers in Lone Grove
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 Lone Grove, 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 purposely attempting to get out of one's tax liability through prohibited means. Tax avoidance is perfectly legal, and involves utilizing 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 Lone Grove, Oklahoma
Under federal and state law, including the laws of Oklahoma, tax evasion is a very significant crime.
Punishments for evading one's taxes in Lone Grove range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.
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.
But, if the government can prove that a defendant in Lone Grove, Oklahoma purposely 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 Lone Grove, Oklahoma Tax Evasion Lawyer Can Help
Attorneys in Lone Grove, Oklahoma 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.
However, if you're truly accused of tax evasion, you will need a Lone Grove, Oklahoma tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.