Tax Evasion Lawyers in Morehead

Tax Evasion in North Carolina is a criminal act in which someone purposely fails to pay their taxes.

One of the most common frequent tactics of tax evaders in Morehead, North Carolina 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.

"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the unlawful act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves using the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Morehead, North Carolina

The laws of the federal government, as well as North Carolina take tax evasion extremely seriously, making it a crime.

In Morehead, the punishments for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to fines in the tens (or hundreds) of thousands of dollars, and imprisonment.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not normally so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

But if the government is able to definitively show that a defendant in Morehead, North Carolina intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.

A Morehead, North Carolina Tax Evasion Lawyer Can Help

A tax attorney in Morehead, North Carolina 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.

If you find yourself really accused of tax evasion, and are innocent, you should hire a Morehead, North Carolina attorney with experience practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.