Tax Evasion Lawyers in Elkin

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

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

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

The penalties for tax evasion in Elkin can range anywhere from small fines to huge fines, along with prison sentences of several years.

Normally, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of purposeful evasion, as opposed to an honest error in accounting.

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

An attorney in Elkin, North Carolina specializing in tax law can help you comply 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.

However, if you're truly accused of tax evasion, you will need an Elkin, North Carolina tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.