Tax Evasion Lawyers in Elkhorn

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

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

"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the unlawful act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Elkhorn, Wisconsin

The federal government and the laws of Wisconsin impose grave penalties for tax evasion - treating it as an extremely serious crime.

Punishments for evading one's taxes in Elkhorn range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.

In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion usually 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.

But, if the government can prove that a defendant in Elkhorn, Wisconsin willfully 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 Elkhorn, Wisconsin Tax Evasion Lawyer Can Help

A tax attorney in Elkhorn, Wisconsin can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine clearly what one's tax liability is, and a tax attorney can help.

If the government really charges you with tax evasion, it cannot be stressed enough that you need the assistance of a seasoned Elkhorn, Wisconsin tax attorney. Assuming you're actually innocent, your tax lawyer can help you prepare a defense, and ensure that you have a good chance of being found not guilty. On top of that, they can make getting through such a difficult time much easier.