Tax Evasion Lawyers in Burgaw
Tax Evasion in North Carolina is a criminal act in which someone knowingly fails to pay their taxes.
Normally, tax evasion is accompanied by an attempt to make it appear to the government of Burgaw, 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 critical 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 Burgaw, North Carolina
The laws of the federal government, as well as North Carolina take tax evasion quite seriously, making it a crime.
In Burgaw, tax evasion can result in anything from a comparatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.
Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was intentional, as opposed to an honest mistake.
But if the government is able to definitively establish that a defendant in Burgaw, North Carolina intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.
A Burgaw, North Carolina Tax Evasion Lawyer Can Help
A tax attorney in Burgaw, 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 challenging to determine precisely what one's tax liability is, and a tax attorney can help.
In the unfortunate event that you're truly charged with tax evasion, it's critical that you hire a knowledgeable tax attorney in Burgaw, 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.