Tax Evasion Lawyers in New Richmond
Tax evasion is a crime in Wisconsin. Tax evasion involves willfully failing to pay one's taxes.
One of the most common common tactics of tax evaders in New Richmond, Wisconsin is to attempt to make it appear to an outside observer that their tax liability is lower than it actually is, such as by concealing income, fraudulently transferring property, and others.
"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the illegal 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 Richmond, Wisconsin
The laws of the federal government, as well as Wisconsin take tax evasion very seriously, making it a crime.
Tax evaders in New Richmond 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 usually 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 prove that a New Richmond, Wisconsin taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's allowed by law. This can easily involve jail time.
A New Richmond, Wisconsin Tax Evasion Lawyer Can Help
Tax lawyers in New Richmond, Wisconsin can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
Of course, if you've actually been accused of tax evasion, you should contact a New Richmond, Wisconsin tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.