Tax Evasion Lawyers in Lyndon
Tax evasion is a crime in Vermont. Tax evasion involves purposely failing to pay one's taxes.
Typically, tax evasion is accompanied by an attempt to make it appear to the government of Lyndon, Vermont that one's tax liability is lower than it actually is. This can include concealing income, making fraudulent transfers of property, and other illegal activities.
You should not confuse "tax evasion" with "tax avoidance." Tax evasion is illegal, and involves deliberately failing to pay one's taxes which they lawfully owe. Tax avoidance, on the other hand, is legal, and involves using legal strategies to lower one's legal tax liability. For example, strategically using deductions and tax credits to lower the amount of money you are legally obliged to pay, is an example of tax avoidance, assuming you actually pay your tax bill, whatever it ends up being.
Penalties for Tax Evasion in Lyndon, Vermont
The laws of the federal government, as well as Vermont take tax evasion very seriously, making it a crime.
Tax evaders in Lyndon can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.
However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not usually so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
But, if the government can prove that a defendant in Lyndon, Vermont purposely 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 Lyndon, Vermont Tax Evasion Lawyer Can Help
Tax lawyers in Lyndon, Vermont 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 actually charged with tax evasion, it's crucial that you hire a qualified tax attorney in Lyndon, Vermont. 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.