Tax Evasion Lawyers in New London

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

One of the most common frequent tactics of tax evaders in New London, 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 using the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in New London, Wisconsin

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

Tax evaders in New London 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.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not normally so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

On the other hand, if the prosecution can show that a New London, Wisconsin taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's authorized by law. This can easily involve jail time.

A New London, Wisconsin Tax Evasion Lawyer Can Help

A New London, 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.

If the government really charges you with tax evasion, it cannot be stressed enough that you need the assistance of a brilliant New London, 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.