Tax Evasion Lawyers in South Milwaukee

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

One of the most common prevalent tactics of tax evaders in South Milwaukee, 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 utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in South Milwaukee, Wisconsin

Under federal and state law, including the laws of Wisconsin, tax evasion is a very egregious crime.

Punishments for evading one's taxes in South Milwaukee range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.

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

However, if it can be clearly proven that a person or corporation in South Milwaukee, Wisconsin purposely attempted to harbor 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 South Milwaukee, Wisconsin Tax Evasion Lawyer Can Help

A South Milwaukee, Wisconsin attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.

If you find yourself truly accused of tax evasion, and are innocent, you should hire a South Milwaukee, Wisconsin attorney with expertise 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.