Tax Evasion Lawyers in Isle Of Palms

In South Carolina, "tax evasion" is a crime that involves a purposeful failure to pay the taxes that the taxpayer legally owes.

One of the most common frequent tactics of tax evaders in Isle Of Palms, South Carolina is to attempt to make it appear to an outside observer that their tax liability is lower than it really is, such as by concealing income, fraudulently transferring property, and others.

You may also be acquainted 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 Isle Of Palms, South Carolina

The laws of the federal government, as well as South Carolina take tax evasion extremely seriously, making it a crime.

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

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 particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was intentional, as opposed to an honest mistake.

On the other hand, if the prosecution can show that an Isle Of Palms, South Carolina taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's authorized by law. This can easily involve jail time.

A Isle Of Palms, South Carolina Tax Evasion Lawyer Can Help

An attorney in Isle Of Palms, South Carolina specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.

However, if you're really accused of tax evasion, you will need an Isle Of Palms, South Carolina 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.