Tax Evasion Lawyers in Mocksville
Tax Evasion in North Carolina is a criminal act in which someone deliberately fails to pay their taxes.
One of the most common common tactics of tax evaders in Mocksville, 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 using the tax laws strategically, to reduce one's actual tax liability as much as possible.
Penalties for Tax Evasion in Mocksville, North Carolina
The laws of the federal government, as well as North Carolina take tax evasion very seriously, making it a crime.
In Mocksville, the punishments for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to fines in the tens (or hundreds) of thousands of dollars, and imprisonment.
However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not usually so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
However, if it can be clearly proven that a person or corporation in Mocksville, North Carolina deliberately attempted to conceal 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 Mocksville, North Carolina Tax Evasion Lawyer Can Help
Tax lawyers in Mocksville, North Carolina can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
If you find yourself actually accused of tax evasion, and are innocent, you should hire a Mocksville, North Carolina attorney with experience practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.