Tax Evasion Lawyers in Black Mountain

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

Normally, tax evasion is accompanied by an attempt to make it appear to the government of Black Mountain, North Carolina that one's tax liability is lower than it actually is. This can include concealing income, making fraudulent transfers of property, and other illegal activities.

You may also be acquainted with the term "tax avoidance." It is important that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.

Penalties for Tax Evasion in Black Mountain, North Carolina

The federal government and the laws of North Carolina impose grave penalties for tax evasion - treating it as an extremely serious crime.

Punishments for evading one's taxes in Black Mountain 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.

In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion normally mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.

But, if the government can prove that a defendant in Black Mountain, North Carolina deliberately 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 Black Mountain, North Carolina Tax Evasion Lawyer Can Help

Attorneys in Black Mountain, North Carolina 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.

In the unfortunate event that you're truly charged with tax evasion, it's imperative that you hire a knowledgeable tax attorney in Black Mountain, North Carolina. If you are actually innocent, your tax attorney can help make sure that you have the best chance you can of being found not guilty.