Tax Evasion Lawyers in Prospect Park

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 Prospect Park, 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.

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 utilizing 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 Prospect Park, Pennsylvania

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

In Prospect Park, tax evasion can result in anything from a comparatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.

In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly 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.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Prospect Park, Pennsylvania committed intentional fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.

A Prospect Park, Pennsylvania Tax Evasion Lawyer Can Help

Attorneys in Prospect Park, Pennsylvania 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.

Of course, if you've truly been accused of tax evasion, you should hire a Prospect Park, Pennsylvania tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.