Tax Evasion Lawyers in Bergenfield
Tax Evasion in New Jersey is a criminal act in which someone intentionally fails to pay their taxes.
One of the most common prevalent tactics of tax evaders in Bergenfield, New Jersey 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 Bergenfield, New Jersey
The laws of the federal government, as well as New Jersey take tax evasion quite seriously, making it a crime.
The penalties for tax evasion in Bergenfield can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
Normally, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of intentional evasion, as opposed to an honest error in accounting.
On the other hand, if the prosecution can establish that a Bergenfield, New Jersey taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's permitted by law. This can easily involve jail time.
A Bergenfield, New Jersey Tax Evasion Lawyer Can Help
A Bergenfield, New Jersey attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.
If the government truly charges you with tax evasion, it cannot be stressed enough that you need the assistance of a reliable Bergenfield, New Jersey tax attorney. Assuming you're actually innocent, your tax lawyer can help you prepare a defense, and ensure that you have a good chance of being found not guilty. On top of that, they can make getting through such a difficult time much easier.