Tax Evasion Lawyers in Siler

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

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

"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the unlawful 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 Siler, North Carolina

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

Tax evaders in Siler 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.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not normally so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

On the other hand, if the prosecution can show that a Siler, North Carolina taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's authorized by law. This can easily involve jail time.

A Siler, North Carolina Tax Evasion Lawyer Can Help

A Siler, 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 really charged with tax evasion, it's critical that you hire a reliable tax attorney in Siler, 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.