Tax Evasion Lawyers in South Burlington
Tax evasion is a crime in Vermont. Tax evasion involves intentionally failing to pay one's taxes.
Normally, tax evasion is accompanied by an attempt to make it appear to the government of South Burlington, 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 utilizing 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 South Burlington, Vermont
Under federal and state law, including the laws of Vermont, tax evasion is a very significant crime.
In South Burlington, the penalties for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to penalties in the tens (or hundreds) of thousands of dollars, and imprisonment.
However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not typically 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 establish that a South Burlington, Vermont taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's permitted by law. This can easily involve jail time.
A South Burlington, Vermont Tax Evasion Lawyer Can Help
A South Burlington, Vermont 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.
In the unfortunate event that you're truly charged with tax evasion, it's essential that you hire a knowledgeable tax attorney in South Burlington, 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.