Tax Evasion Lawyers in Pleasant Garden
Tax Evasion in North Carolina is a criminal act in which someone intentionally fails to pay their taxes.
One of the most common prevalent tactics of tax evaders in Pleasant Garden, 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 Pleasant Garden, North Carolina
The laws of the federal government, as well as North Carolina take tax evasion quite seriously, making it a crime.
The penalties for tax evasion in Pleasant Garden can range anywhere from small fines to huge fines, along with prison sentences of several years.
In the majority of tax evasion cases, however, the punishments are not so severe. This is especially likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion normally 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.
However, if it can be clearly proven that a person or corporation in Pleasant Garden, North Carolina intentionally attempted to harbor 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 Pleasant Garden, North Carolina Tax Evasion Lawyer Can Help
Attorneys in Pleasant Garden, North Carolina who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
In the unfortunate event that you're truly charged with tax evasion, it's essential that you hire a knowledgeable tax attorney in Pleasant Garden, 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.