Tax Evasion Lawyers in Lake Geneva
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 Lake Geneva, 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 Lake Geneva, Wisconsin
The laws of the federal government, as well as Wisconsin take tax evasion extremely seriously, making it a crime.
The penalties for tax evasion in Lake Geneva can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
Usually, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of willful evasion, as opposed to an honest error in accounting.
But if the government is able to definitively show that a defendant in Lake Geneva, Wisconsin intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.
A Lake Geneva, Wisconsin Tax Evasion Lawyer Can Help
An attorney in Lake Geneva, Wisconsin specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.
Of course, if you've really been accused of tax evasion, you should retain a Lake Geneva, Wisconsin tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.