Lexington Tax Evasion Attorney
Tax Evasion in Kentucky
Tax evasion is a criminal offense in Kentucky that involves willfully attempting to avoid paying taxes that are lawfully owed to the state. It can involve failing to pay taxes, filing false returns, or any other action that is designed to illegally avoid paying taxes. Tax evasion can result in extremely serious consequences, including fines, jail time, and more. If you have been accused of tax evasion, it is important that you seek legal assistance immediately.
At Oakley & Oakley, our Lexington tax evasion attorneys are ready to help you if you have been accused of tax evasion. We have nearly 20 years of combined experience and have helped many clients in and around Lexington to get back their lives after being charged with similar crimes. Our firm is ready to help you now. We are ready to fight for you and can help you get your tax evasion charges reduced or dismissed.
Contact our tax evasion attorneys in Lexington today at (859) 712-7365 to discuss your case.
What Is Tax Evasion in Kentucky?
Tax evasion is a criminal offense that involves willfully attempting to avoid paying taxes that are lawfully owed to the state. It can involve failing to pay taxes, filing false returns, or any other action that is designed to illegally avoid paying taxes.
Tax evasion in Kentucky can include:
- Willfully failing to pay taxes owed
- Filing false tax returns
- Attempting to avoid paying taxes
Penalties for Tax Evasion in Kentucky
The Kentucky Department of Revenue may impose civil penalties, including fines and interest charges on unpaid taxes. These penalties are designed to recover the owed taxes and discourage further non-compliance.
In more severe cases, tax evasion can be pursued as a criminal offense. If convicted, the individual may face criminal charges, including fines and potential imprisonment. The specific penalties for tax evasion convictions are determined by Kentucky state law and can vary based on the amount of unpaid taxes and the intent behind the evasion.
Penalties for Federal Tax Evasion
If the IRS detects tax evasion, civil penalties can be imposed. These penalties aim to recover the unpaid taxes and discourage further non-compliance. Civil penalties may include fines, interest charges on the unpaid taxes, and the cost of prosecution.
In more severe cases, tax evasion can be pursued as a criminal offense. If convicted of federal tax evasion, an individual may face criminal charges, which can result in substantial fines and potential imprisonment. The specific penalties depend on the severity of the offense, the amount of unpaid taxes, and the individual's intent.
Under the IRC, the maximum fine for an individual convicted of tax evasion is $250,000 ($500,000 for corporations) for individuals, or $1 million ($10 million for corporations) for a corporation convicted of a felony offense. The maximum prison sentence for tax evasion is five years for individuals and up to ten years for corporations. However, the specific length of imprisonment depends on various factors, including the amount of taxes evaded, the individual's criminal history, and other circumstances.
Contact our tax evasion attorneys in Lexington today at (859) 712-7365 to schedule a free consultation.
Have a Question?
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How to Know if You Hired a Good or Bad Criminal Defense Attorney
If you are accused of a crime or you are under investigation for a crime, you have the right to legal counsel. It does not matter whether you face drug crime charges, DUI charges, or weapons charges. The United States Constitution guarantees you the right to consult with a criminal defense lawyer. Never give up or waive your right to counsel when facing criminal charges in Kentucky. Always exercise your right to consult with a lawyer before answering questions or giving the police a statement.
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How Your Criminal History Could Affect Your Current Case
Your prior brushes with the law can have an enormous influence on your life. Once you pay your fines or serve jail time, you will likely have to face the additional collateral consequences of your conviction. Having a criminal conviction can prevent you from getting desirable jobs and living where you would like. What’s worse, your criminal history can influence a prosecutor’s decisions about new charges and can result in harsher punishments for subsequent convictions. If you have legal questions about a current criminal case, seek the advice of an experienced criminal defense attorney immediately.
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What is Probable Cause?
Probable cause is a legal term that is often misunderstood. Law enforcement must have probable cause to believe you committed a crime before they search or arrest someone.
Probable cause is a particular and reasonable belief that an individual is:
- committing a crime,
- has committed a crime or
- is about to commit a crime.
