Tax Evasion Lawyers in Matthews

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

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

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

Penalties for Tax Evasion in Matthews, North Carolina

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

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

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was purposeful.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Matthews, North Carolina committed purposeful fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.

A Matthews, North Carolina Tax Evasion Lawyer Can Help

A tax attorney in Matthews, 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 difficult to determine precisely what one's tax liability is, and a tax attorney can help.

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