Tax Evasion Lawyers in Wake Forest

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 Wake Forest, 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 using the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Wake Forest, North Carolina

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

The penalties for tax evasion in Wake Forest can range anywhere from small fines to huge fines, 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 especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was purposeful, as opposed to an honest mistake.

On the other hand, if the prosecution can prove that a Wake Forest, 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 allowed by law. This can easily involve jail time.

A Wake Forest, North Carolina Tax Evasion Lawyer Can Help

Tax lawyers in Wake Forest, 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.

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