Tax Evasion Lawyers in Edgerton

Tax evasion is a crime in Wisconsin. Tax evasion involves willfully failing to pay one's taxes.

One of the most common prevalent tactics of tax evaders in Edgerton, Wisconsin is to attempt to make it appear to an outside observer that their tax liability is lower than it truly is, such as by concealing income, fraudulently transferring property, and others.

"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the prohibited 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 Edgerton, 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 Edgerton 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.

In the majority of tax evasion cases, however, the punishments are not so severe. This is especially likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion normally mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.

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

An Edgerton, 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.

In the unfortunate event that you're truly charged with tax evasion, it's important that you hire a knowledgeable tax attorney in Edgerton, 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.