Tax Evasion Lawyers in Flower Mound
In Texas, "tax evasion" is a crime that involves a willful failure to pay the taxes that the taxpayer legally owes.
There are a few strategies that tax evaders use in Flower Mound, Texas. One of the most typical tactics is to make it appear that the taxpayer has less taxable income than they actually do. There are a wide variety of ways to harbor income for the purpose of evading one's tax liability, but all of them are illegal.
"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the prohibited 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 Flower Mound, Texas
Both federal law and the law of Texas treat tax evasion as a significant criminal offense.
The penalties for tax evasion in Flower Mound can range anywhere from small fines to huge fines, along with prison sentences of several years.
Normally, 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 deliberate evasion, as opposed to an honest error in accounting.
But, if the government can prove that a defendant in Flower Mound, Texas 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 Flower Mound, Texas Tax Evasion Lawyer Can Help
An attorney in Flower Mound, Texas specializing in tax law can help you comply 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.
If you find yourself truly accused of tax evasion, and are innocent, you should hire a Flower Mound, Texas 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.