Tax Evasion Lawyers in Orangeburg
In South Carolina, "tax evasion" is a crime that involves a purposeful failure to pay the taxes that the taxpayer legally owes.
Usually, the strategy employed by tax evaders in Orangeburg, South Carolina is to try and make it look like they have less taxable income than they actually do. This can be done by failing to report income, concealing it, or fraudulently transferring property.
"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the unlawful 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 Orangeburg, South Carolina
Both federal law and the law of South Carolina treat tax evasion as a severe criminal offense.
Punishments for evading one's taxes in Orangeburg 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.
Usually, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of purposeful evasion, as opposed to an honest error in accounting.
But if the government is able to definitively show that a defendant in Orangeburg, South Carolina intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.
A Orangeburg, South Carolina Tax Evasion Lawyer Can Help
An Orangeburg, South Carolina attorney who specializes in tax law can help ensure that you are in compliance with all applicable tax laws, making an accusation of tax evasion less likely.
In the unfortunate event that you're really charged with tax evasion, it's essential that you hire a reliable tax attorney in Orangeburg, South Carolina. 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.