Tax Evasion Lawyers in Ranson Corporation
Tax evasion is a crime in West Virginia. Tax evasion involves purposely failing to pay one's taxes.
One of the most common frequent tactics of tax evaders in Ranson Corporation, West Virginia 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.
It's important not to confuse "tax avoidance" and "tax evasion." They are two different things, but some people mistakenly use them interchangeably. Tax avoidance involves using legal methods, such as tax deductions and exemptions, in a strategic manner, for the purpose of reducing one's tax liability. Tax avoidance is perfectly legal. Tax evasion involves fraud, and a deliberate attempt to avoid meeting one's legal obligations to pay taxes.
Penalties for Tax Evasion in Ranson Corporation, West Virginia
Under the laws of West Virginia, as well as federal law, tax evasion is a very severe criminal offense.
The penalties for tax evasion in Ranson Corporation 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 purposeful, as opposed to an honest mistake.
On the other hand, if the prosecution can show that a Ranson Corporation, West Virginia 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 Ranson Corporation, West Virginia Tax Evasion Lawyer Can Help
A tax attorney in Ranson Corporation, West Virginia 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 Ranson Corporation, West Virginia tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.