Tax Evasion Lawyers in Morganton
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 Morganton, 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 Morganton, North Carolina
The laws of the federal government, as well as North Carolina take tax evasion very seriously, making it a crime.
In Morganton, 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.
But if the government is able to definitively prove that a defendant in Morganton, North Carolina intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.
A Morganton, North Carolina Tax Evasion Lawyer Can Help
A Morganton, North Carolina attorney who specializes in tax law can help ensure that you are in compliance 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 Morganton, 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.