Tax Evasion Lawyers in Tega Cay

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

Typically, the strategy employed by tax evaders in Tega Cay, 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 illegal 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 Tega Cay, South Carolina

Both federal law and the law of South Carolina treat tax evasion as a serious criminal offense.

Tax evaders in Tega Cay can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not usually so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

But, if the government can prove that a defendant in Tega Cay, South Carolina deliberately concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.

A Tega Cay, South Carolina Tax Evasion Lawyer Can Help

Tax lawyers in Tega Cay, South Carolina can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

If you find yourself actually accused of tax evasion, and are innocent, you should hire a Tega Cay, South Carolina attorney with experience practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.