Tax Evasion Lawyers in New Ipswich
Tax Evasion in New Hampshire is a criminal act in which someone knowingly fails to pay their taxes.
One of the most common common tactics of tax evaders in New Ipswich, 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 critical 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 New Ipswich, New Hampshire
The laws of the federal government, as well as New Hampshire take tax evasion very seriously, making it a crime.
In New Ipswich, tax evasion can result in anything from a comparatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.
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.
But if the government is able to definitively prove that a defendant in New Ipswich, New Hampshire intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.
A New Ipswich, New Hampshire Tax Evasion Lawyer Can Help
A tax attorney in New Ipswich, New Hampshire can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine exactly what one's tax liability is, and a tax attorney can help.
Of course, if you've actually been accused of tax evasion, you should contact a New Ipswich, New Hampshire tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.