Tax Evasion Lawyers in Coleman

In Texas, "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 Coleman, Texas 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.

You may also be acquainted with the term "tax avoidance." It is necessary 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 Coleman, Texas

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

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

In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was willful.

However, if it can be clearly proven that a person or corporation in Coleman, Texas willfully attempted to conceal income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.

A Coleman, Texas Tax Evasion Lawyer Can Help

Tax lawyers in Coleman, Texas can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

In the unfortunate event that you're actually charged with tax evasion, it's important that you hire a qualified tax attorney in Coleman, Texas. 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.