Tax evasion is taken very seriously by federal and state authorities, and those convicted can face substantial penalties, back taxes, interest, and even imprisonment. Discovering that you’re under investigation for tax evasion can be an overwhelming experience. In these situations, you need someone who can advocate for your best interests and fight for the most favorable outcome – an Atlanta tax evasion lawyer.
At Wallack Law, our Atlanta tax evasion attorney can defend you against these charges and protect your rights and reputation. Our firm is deeply familiar with the intricacies of tax law and will employ a comprehensive approach to uphold your best interests. Reach out to Wallack Law today to learn more about your legal options and begin building your defense.
Tax evasion refers to the act of deliberately not paying taxes owed by using illegal means. This white collar crime can encompass a range of activities such as underreporting income, hiding money abroad, inflating deductions, or hiding or not reporting cash transactions. It is a deliberate violation of the tax code with the intent to reduce tax liabilities.
In Georgia, people who intentionally try to evade taxes over $3,000.00 can face serious consequences. Individuals found guilty can be fined up to $100,000, while corporations may incur a penalty of up to $500,000. Along with financial penalties, imprisonment is also a possibility, ranging from a minimum of one year to a maximum of five years.
On a federal level, being convicted of federal tax evasion can lead to a fine of up to $100,000 for individuals and up to $500,000 for corporations. Individuals could also face up to five years in prison.
If you are accused of tax evasion, seeking professional legal assistance is crucial. Here’s how an Atlanta tax evasion defense attorney from Wallack Law can help:
Tax evasion allegations can have severe consequences, both legally and financially. At Wallack Law, we can help you fight against these charges and protect your future. Schedule a free case consultation today at (404) 919-4411 to plan your next steps with our Atlanta tax evasion attorney.