Tax Evasion Lawyers in Beaver Dam

Tax evasion is a crime in Wisconsin. 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 Beaver Dam, Wisconsin 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.

It's important not to confuse "tax avoidance" and "tax evasion." They are two different things, but some people mistakenly use them interchangeably. Tax avoidance involves utilizing legal methods, such as tax deductions and exemptions, in a strategic manner, for the purpose of reducing one's tax liability. Tax avoidance is perfectly legal. Tax evasion involves fraud, and a deliberate attempt to avoid meeting one's legal commitments to pay taxes.

Penalties for Tax Evasion in Beaver Dam, Wisconsin

Under federal and state law, including the laws of Wisconsin, tax evasion is a very significant crime.

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

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 particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was willful, as opposed to an honest mistake.

However, if it can be clearly proven that a person or corporation in Beaver Dam, Wisconsin intentionally 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 Beaver Dam, Wisconsin Tax Evasion Lawyer Can Help

Attorneys in Beaver Dam, Wisconsin who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.

In the unfortunate event that you're truly charged with tax evasion, it's essential that you hire a knowledgeable tax attorney in Beaver Dam, Wisconsin. 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.