Tax Evasion Lawyers in Bound Brook

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

One of the most common frequent tactics of tax evaders in Bound Brook, New Jersey 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 Bound Brook, New Jersey

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

The penalties for tax evasion in Bound Brook can range anywhere from small penalties to huge penalties, along with prison sentences of several years.

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 Bound Brook, New Jersey intentionally attempted to hide 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 Bound Brook, New Jersey Tax Evasion Lawyer Can Help

An attorney in Bound Brook, New Jersey specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.

If you find yourself really accused of tax evasion, and are innocent, you should hire a Bound Brook, New Jersey 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.