Tax Evasion Lawyers in Williamston
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 Williamston, 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 Williamston, North Carolina
Under federal and state law, including the laws of North Carolina, tax evasion is a very serious crime.
Punishments for evading one's taxes in Williamston range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.
Typically, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of deliberate evasion, as opposed to an honest error in accounting.
But, if the government can prove that a defendant in Williamston, North Carolina intentionally concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.
A Williamston, North Carolina Tax Evasion Lawyer Can Help
Attorneys in Williamston, North Carolina who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
In the unfortunate event that you're actually charged with tax evasion, it's essential that you hire a qualified tax attorney in Williamston, 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.