Tax Evasion Lawyers in Warren

In Rhode Island, "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 Warren, Rhode Island 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 may also be familiar with the term "tax avoidance." It is critical that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.

Penalties for Tax Evasion in Warren, Rhode Island

The federal government and the laws of Rhode Island impose severe penalties for tax evasion - treating it as an extremely serious crime.

Punishments for evading one's taxes in Warren 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.

Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was purposeful, as opposed to an honest mistake.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Warren, Rhode Island committed purposeful 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 Warren, Rhode Island Tax Evasion Lawyer Can Help

A tax attorney in Warren, Rhode Island 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.

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