Tax Evasion Lawyers in Lexington

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

One of the most common common tactics of tax evaders in Lexington, North Carolina is to attempt to make it appear to an outside observer that their tax liability is lower than it actually is, such as by concealing income, fraudulently transferring property, and others.

"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the illegal act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Lexington, North Carolina

The federal government and the laws of North Carolina impose grave penalties for tax evasion - treating it as an extremely serious crime.

Tax evaders in Lexington can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of penalties available, with the ones just mentioned representing the most severe options available.

Typically, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of intentional evasion, as opposed to an honest error in accounting.

On the other hand, if the prosecution can prove that a Lexington, North Carolina taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's allowed by law. This can easily involve jail time.

A Lexington, North Carolina Tax Evasion Lawyer Can Help

A Lexington, North Carolina attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.

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