Tax Evasion Lawyers in Caldwell County

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

Normally, tax evasion is accompanied by an attempt to make it appear to the government of Caldwell County, 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 crucial 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 Caldwell County, North Carolina

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

In Caldwell County, 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.

However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not typically 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 Caldwell County, North Carolina purposely 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 Caldwell County, North Carolina Tax Evasion Lawyer Can Help

A tax attorney in Caldwell County, 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 crucial that you hire a knowledgeable tax attorney in Caldwell County, 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.