Tax Evasion Lawyers in West Warwick
In Rhode Island, "tax evasion" is a crime that involves a deliberate failure to pay the taxes that the taxpayer legally owes.
One of the most common common tactics of tax evaders in West Warwick, Rhode Island is to attempt to make it appear to an outside observer that their tax liability is lower than it actually is, such as by concealing income, fraudulently transferring property, and others.
You may also be familiar with the term "tax avoidance." It is crucial 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 West Warwick, 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 West Warwick 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 deliberate, as opposed to an honest mistake.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in West Warwick, Rhode Island committed deliberate 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 West Warwick, Rhode Island Tax Evasion Lawyer Can Help
Tax lawyers in West Warwick, Rhode Island can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
However, if you're actually accused of tax evasion, you will need a West Warwick, Rhode Island 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.