Tax Evasion Lawyers in Elon College

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 Elon College, 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 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 Elon College, 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 Elon College 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 Elon College, 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 Elon College, North Carolina Tax Evasion Lawyer Can Help

Attorneys in Elon College, North Carolina who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.

If the government truly charges you with tax evasion, it cannot be stressed enough that you need the assistance of a knowledgeable Elon College, North Carolina tax attorney. Assuming you're actually innocent, your tax lawyer can help you prepare a defense, and ensure that you have a good chance of being found not guilty. On top of that, they can make getting through such a difficult time much easier.