Tax Evasion Lawyers in Rice Lake
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 Rice Lake, 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 Rice Lake, Wisconsin
Under federal and state law, including the laws of Wisconsin, tax evasion is a very serious crime.
The penalties for tax evasion in Rice Lake can range anywhere from small fines to huge fines, along with prison sentences of several years.
In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will normally be fairly mild. It will normally result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was deliberate.
However, if it can be clearly proven that a person or corporation in Rice Lake, Wisconsin intentionally attempted to hide income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.
A Rice Lake, Wisconsin Tax Evasion Lawyer Can Help
Tax lawyers in Rice Lake, Wisconsin can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
If you find yourself really accused of tax evasion, and are innocent, you should hire a Rice Lake, Wisconsin attorney with experience practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.