Tax Evasion Lawyers in Stallings
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 Stallings, 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 Stallings, North Carolina
Under federal and state law, including the laws of North Carolina, tax evasion is a very severe crime.
In Stallings, 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 normally 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 Stallings, North Carolina knowingly attempted to hide 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 Stallings, North Carolina Tax Evasion Lawyer Can Help
Tax lawyers in Stallings, 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 really accused of tax evasion, and are innocent, you should hire a Stallings, 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.