Tax Evasion Lawyers in Butner
Tax Evasion in North Carolina is a criminal act in which someone knowingly fails to pay their taxes.
Typically, tax evasion is accompanied by an attempt to make it appear to the government of Butner, 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 Butner, North Carolina
The laws of the federal government, as well as North Carolina take tax evasion very seriously, making it a crime.
In Butner, 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 prove that a defendant in Butner, 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 Butner, North Carolina Tax Evasion Lawyer Can Help
An attorney in Butner, North Carolina specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.
If you find yourself actually accused of tax evasion, and are innocent, you should hire a Butner, North Carolina attorney with expertise 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.