Tax Evasion Lawyers in Wadesboro

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 Wadesboro, 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 Wadesboro, North Carolina

Under federal and state law, including the laws of North Carolina, tax evasion is a very egregious crime.

The penalties for tax evasion in Wadesboro can range anywhere from small penalties to huge penalties, along with prison sentences of several years.

Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was intentional, as opposed to an honest mistake.

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

A Wadesboro, North Carolina Tax Evasion Lawyer Can Help

An attorney in Wadesboro, North Carolina specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.

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