Tax Evasion Lawyers in Cudahy
Tax evasion is a crime in Wisconsin. Tax evasion involves knowingly failing to pay one's taxes.
One of the most common common tactics of tax evaders in Cudahy, Wisconsin is to attempt to make it appear to an outside observer that their tax liability is lower than it actually is, such as by concealing income, fraudulently transferring property, and others.
"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the illegal 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 Cudahy, Wisconsin
The federal government and the laws of Wisconsin impose severe penalties for tax evasion - treating it as an extremely serious crime.
Punishments for evading one's taxes in Cudahy 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.
Typically, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of purposeful evasion, as opposed to an honest error in accounting.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Cudahy, Wisconsin committed purposeful fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.
A Cudahy, Wisconsin Tax Evasion Lawyer Can Help
A Cudahy, Wisconsin attorney who specializes in tax law can help ensure that you are in compliance 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 Cudahy, Wisconsin 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.