Tax Evasion Lawyers in Rowlett
In Texas, "tax evasion" is a crime that involves a deliberate failure to pay the taxes that the taxpayer legally owes.
There are a few strategies that tax evaders use in Rowlett, Texas. One of the most common tactics is to make it appear that the taxpayer has less taxable income than they actually do. There are a wide number of ways to conceal income for the purpose of evading one's tax liability, but all of them are illegal.
"Tax evasion" should not be confused with "tax avoidance." Tax evasion is the act of deliberately attempting to get out of one's tax liability through illegal means. Tax avoidance is perfectly legal, and involves utilizing legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.
Penalties for Tax Evasion in Rowlett, Texas
The laws of the federal government, as well as Texas take tax evasion very seriously, making it a crime.
In Rowlett, tax evasion can result in anything from a comparatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.
However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not usually so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
On the other hand, if the prosecution can prove that a Rowlett, Texas taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's allowed by law. This can easily involve jail time.
A Rowlett, Texas Tax Evasion Lawyer Can Help
A Rowlett, Texas attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.
However, if you're actually accused of tax evasion, you will need a Rowlett, Texas tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.