Tax Evasion Lawyers in Hollis
Tax Evasion in New Hampshire is a criminal act in which someone intentionally fails to pay their taxes.
One of the most common prevalent tactics of tax evaders in Hollis, New Hampshire is to attempt to make it appear to an outside observer that their tax liability is lower than it truly is, such as by concealing income, fraudulently transferring property, and others.
You may also be acquainted with the term "tax avoidance." It is essential that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.
Penalties for Tax Evasion in Hollis, New Hampshire
The federal government and the laws of New Hampshire impose grave penalties for tax evasion - treating it as an extremely serious crime.
Punishments for evading one's taxes in Hollis range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.
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 willful, as opposed to an honest mistake.
However, if it can be clearly proven that a person or corporation in Hollis, New Hampshire intentionally attempted to harbor 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 Hollis, New Hampshire Tax Evasion Lawyer Can Help
Tax lawyers in Hollis, New Hampshire can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.
In the unfortunate event that you're truly charged with tax evasion, it's essential that you hire a knowledgeable tax attorney in Hollis, New Hampshire. 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.