Tax Evasion Lawyers in Rawlins
Tax evasion is a crime in Wyoming. Tax evasion involves knowingly failing to pay one's taxes.
One of the most common frequent tactics of tax evaders in Rawlins, Wyoming 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 Rawlins, Wyoming
The federal government and the laws of Wyoming impose severe penalties for tax evasion - treating it as an extremely serious crime.
Tax evaders in Rawlins can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.
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.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Rawlins, Wyoming committed deliberate fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.
A Rawlins, Wyoming Tax Evasion Lawyer Can Help
Attorneys in Rawlins, Wyoming who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
However, if you're really accused of tax evasion, you will need a Rawlins, Wyoming tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.