Tax Evasion Lawyers in Fairview

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

Usually, tax evasion is accompanied by an attempt to make it appear to the government of Fairview, 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 important 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 Fairview, North Carolina

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

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

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 especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was purposeful, as opposed to an honest mistake.

However, if it can be clearly proven that a person or corporation in Fairview, North Carolina deliberately attempted to hide income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.

A Fairview, North Carolina Tax Evasion Lawyer Can Help

Attorneys in Fairview, 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.

Of course, if you've really been accused of tax evasion, you should retain a Fairview, North Carolina tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.