Tax Evasion Lawyers in Pauls Valley
In Oklahoma, "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 Pauls Valley, 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.
You should not confuse "tax evasion" with "tax avoidance." Tax evasion is illegal, and involves deliberately failing to pay one's taxes which they lawfully owe. Tax avoidance, on the other hand, is legal, and involves using legal strategies to lower one's legal tax liability. For example, strategically using deductions and tax credits to lower the amount of money you are legally obliged to pay, is an example of tax avoidance, assuming you actually pay your tax bill, whatever it ends up being.
Penalties for Tax Evasion in Pauls Valley, Oklahoma
Both federal law and the law of Oklahoma treat tax evasion as a severe criminal offense.
Punishments for evading one's taxes in Pauls Valley 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.
Usually, 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 is able to definitively show that a defendant in Pauls Valley, Oklahoma intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.
A Pauls Valley, Oklahoma Tax Evasion Lawyer Can Help
Attorneys in Pauls Valley, Oklahoma who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
In the unfortunate event that you're really charged with tax evasion, it's essential that you hire a reliable tax attorney in Pauls Valley, Oklahoma. 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.