Tax Evasion Lawyers in King Of Prussia

In Pennsylvania, "tax evasion" is a crime that involves a willful failure to pay the taxes that the taxpayer legally owes.

One of the most common prevalent tactics of tax evaders in King Of Prussia, Pennsylvania is to attempt to make it appear to an outside observer that their tax liability is lower than it truly is, such as by concealing income, fraudulently transferring property, and others.

"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the prohibited act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves using the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in King Of Prussia, Pennsylvania

The laws of the federal government, as well as Pennsylvania take tax evasion quite seriously, making it a crime.

The penalties for tax evasion in King Of Prussia can range anywhere from small fines to huge fines, along with prison sentences of several years.

In the majority of tax evasion cases, however, the punishments are not so severe. This is especially likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion normally mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.

But, if the government can prove that a defendant in King Of Prussia, Pennsylvania 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 King Of Prussia, Pennsylvania Tax Evasion Lawyer Can Help

Attorneys in King Of Prussia, Pennsylvania 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 truly charged with tax evasion, it's critical that you hire a knowledgeable tax attorney in King Of Prussia, Pennsylvania. 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.