Tax Evasion Lawyers in Hooksett
Tax Evasion in New Hampshire is a criminal act in which someone willfully fails to pay their taxes.
One of the most common common tactics of tax evaders in Hooksett, New Hampshire 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.
You may also be acquainted with the term "tax avoidance." It is necessary 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 Hooksett, 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 Hooksett 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 intentional, as opposed to an honest mistake.
However, if it can be clearly proven that a person or corporation in Hooksett, New Hampshire willfully 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 Hooksett, New Hampshire Tax Evasion Lawyer Can Help
Tax lawyers in Hooksett, 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.
If you find yourself actually accused of tax evasion, and are innocent, you should hire a Hooksett, New Hampshire attorney with expertise practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.