Tax Evasion Lawyers in Suamico

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

One of the most common prevalent tactics of tax evaders in Suamico, 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.

You should not confuse "tax evasion" with "tax avoidance." Tax evasion is illegal, and involves deliberately failing to pay one's taxes which they lawfully owe. Tax avoidance, on the other hand, is legal, and involves utilizing legal strategies to lower one's legal tax liability. For example, strategically using deductions and tax credits to lower the amount of money you are legally obliged to pay, is an example of tax avoidance, assuming you actually pay your tax bill, whatever it ends up being.

Penalties for Tax Evasion in Suamico, Wisconsin

Under the laws of Wisconsin, as well as federal law, tax evasion is a very significant criminal offense.

In Suamico, the penalties for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to penalties in the tens (or hundreds) of thousands of dollars, and imprisonment.

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 Suamico, Wisconsin knowingly 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 Suamico, Wisconsin Tax Evasion Lawyer Can Help

Tax lawyers in Suamico, Wisconsin can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

If you find yourself truly accused of tax evasion, and are innocent, you should hire a Suamico, 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.