Tax Evasion Lawyers in Roanoke Rapids

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

One of the most common common tactics of tax evaders in Roanoke Rapids, 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 Roanoke Rapids, North Carolina

The laws of the federal government, as well as North Carolina take tax evasion very seriously, making it a crime.

Tax evaders in Roanoke Rapids 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 willful evasion, as opposed to an honest error in accounting.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Roanoke Rapids, North Carolina committed willful 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 Roanoke Rapids, North Carolina Tax Evasion Lawyer Can Help

Tax lawyers in Roanoke Rapids, North Carolina can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

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