Tax Evasion Lawyers in Mequon
Tax evasion is a crime in Wisconsin. Tax evasion involves intentionally failing to pay one's taxes.
One of the most common prevalent tactics of tax evaders in Mequon, 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 Mequon, Wisconsin
The laws of the federal government, as well as Wisconsin take tax evasion quite seriously, making it a crime.
Tax evaders in Mequon can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of penalties available, with the ones just mentioned representing the most severe options available.
Normally, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of willful evasion, as opposed to an honest error in accounting.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Mequon, Wisconsin committed willful 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 Mequon, Wisconsin Tax Evasion Lawyer Can Help
Attorneys in Mequon, Wisconsin who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.
However, if you're truly accused of tax evasion, you will need a Mequon, Wisconsin 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.