Tax Evasion Lawyers in Frisco

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 Frisco, 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 Frisco, Texas

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

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

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically 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 purposeful.

However, if it can be clearly proven that a person or corporation in Frisco, Texas knowingly attempted to harbor 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 Frisco, Texas Tax Evasion Lawyer Can Help

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

In the unfortunate event that you're truly charged with tax evasion, it's critical that you hire a knowledgeable tax attorney in Frisco, 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.