Tax Evasion Lawyers in Prairie Du Chien
Tax evasion is a crime in Wisconsin. Tax evasion involves intentionally failing to pay one's taxes.
One of the most common frequent tactics of tax evaders in Prairie Du Chien, 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 Prairie Du Chien, Wisconsin
Under federal and state law, including the laws of Wisconsin, tax evasion is a very serious crime.
The penalties for tax evasion in Prairie Du Chien can range anywhere from small fines to huge fines, along with prison sentences of several years.
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.
On the other hand, if the prosecution can show that a Prairie Du Chien, 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 Prairie Du Chien, Wisconsin Tax Evasion Lawyer Can Help
A tax attorney in Prairie Du Chien, Wisconsin can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine clearly what one's tax liability is, and a tax attorney can help.
Of course, if you've really been accused of tax evasion, you should retain a Prairie Du Chien, Wisconsin tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.