Tax Evasion Lawyers in Monona

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

One of the most common prevalent tactics of tax evaders in Monona, 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 Monona, Wisconsin

The laws of the federal government, as well as Wisconsin take tax evasion quite seriously, making it a crime.

Tax evaders in Monona can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.

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

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Monona, Wisconsin committed deliberate 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 Monona, Wisconsin Tax Evasion Lawyer Can Help

Attorneys in Monona, Wisconsin who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.

Of course, if you've truly been accused of tax evasion, you should hire a Monona, Wisconsin tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.