Tax Evasion Lawyers in Newport

Tax Evasion in New Hampshire is a criminal act in which someone intentionally fails to pay their taxes.

One of the most common frequent tactics of tax evaders in Newport, New Hampshire is to attempt to make it appear to an outside observer that their tax liability is lower than it really 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 Newport, New Hampshire

The laws of the federal government, as well as New Hampshire take tax evasion extremely seriously, making it a crime.

In Newport, 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 show that a defendant in Newport, 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 Newport, New Hampshire Tax Evasion Lawyer Can Help

Attorneys in Newport, New Hampshire who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.

However, if you're really accused of tax evasion, you will need a Newport, New Hampshire tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.