Tax Evasion Lawyers in Gastonia
Tax Evasion in North Carolina is a criminal act in which someone intentionally fails to pay their taxes.
Typically, tax evasion is accompanied by an attempt to make it appear to the government of Gastonia, 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 essential 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 Gastonia, North Carolina
The laws of the federal government, as well as North Carolina take tax evasion very seriously, making it a crime.
The penalties for tax evasion in Gastonia can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion typically mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.
But, if the government can prove that a defendant in Gastonia, North Carolina intentionally 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 Gastonia, North Carolina Tax Evasion Lawyer Can Help
A tax attorney in Gastonia, 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 exactly what one's tax liability is, and a tax attorney can help.
If the government actually charges you with tax evasion, it cannot be stressed enough that you need the assistance of a reputable Gastonia, 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.