Tax Evasion Lawyers in Kermit

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 Kermit, 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 Kermit, Texas

The federal government and the laws of Texas impose severe penalties for tax evasion - treating it as an extremely serious crime.

Punishments for evading one's taxes in Kermit 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.

Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was deliberate, as opposed to an honest mistake.

However, if it can be clearly proven that a person or corporation in Kermit, Texas deliberately 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 Kermit, Texas Tax Evasion Lawyer Can Help

Attorneys in Kermit, Texas who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.

Of course, if you've truly been accused of tax evasion, you should hire a Kermit, Texas tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.