Tax Evasion Lawyers in Canton

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

Typically, tax evasion is accompanied by an attempt to make it appear to the government of Canton, 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 familiar with the term "tax avoidance." It is necessary 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 Canton, North Carolina

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

In Canton, tax evasion can result in anything from a relatively 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, especially first offenses involving relatively small amounts of money, is not usually so severe, especially 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 Canton, North Carolina 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 Canton, North Carolina Tax Evasion Lawyer Can Help

Tax lawyers in Canton, North Carolina can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

In the unfortunate event that you're actually charged with tax evasion, it's important that you hire a qualified tax attorney in Canton, 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.