Tax Evasion Lawyers in Carlsbad

Tax Evasion in New Mexico is a criminal act in which someone willfully fails to pay their taxes.

Most commonly, people who try to evade their taxes in Carlsbad, New Mexico will take steps to hide their assets and income, or transferring their property to other legal entities in a fraudulent manner.

"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 utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Carlsbad, New Mexico

Under federal and state law, including the laws of New Mexico, tax evasion is a very egregious crime.

Punishments for evading one's taxes in Carlsbad range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.

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

But, if the government can prove that a defendant in Carlsbad, New Mexico willfully concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.

A Carlsbad, New Mexico Tax Evasion Lawyer Can Help

Attorneys in Carlsbad, New Mexico 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 really accused of tax evasion, you will need a Carlsbad, New Mexico 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.