Tax Evasion Lawyers in Grand Forks
Tax Evasion in North Dakota is a criminal act in which someone intentionally fails to pay their taxes.
One of the most common common tactics of tax evaders in Grand Forks, North Dakota 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.
It's important not to confuse "tax avoidance" and "tax evasion." They are two different things, but some people mistakenly use them interchangeably. Tax avoidance involves utilizing legal methods, such as tax deductions and exemptions, in a strategic manner, for the purpose of reducing one's tax liability. Tax avoidance is perfectly legal. Tax evasion involves fraud, and a deliberate attempt to avoid meeting one's legal commitments to pay taxes.
Penalties for Tax Evasion in Grand Forks, North Dakota
Under the laws of North Dakota, as well as federal law, tax evasion is a very significant criminal offense.
The penalties for tax evasion in Grand Forks can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was willful.
However, if it can be clearly proven that a person or corporation in Grand Forks, North Dakota intentionally attempted to conceal 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 Grand Forks, North Dakota Tax Evasion Lawyer Can Help
Tax lawyers in Grand Forks, North Dakota can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
Of course, if you've actually been accused of tax evasion, you should contact a Grand Forks, North Dakota tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.