Tax Evasion Lawyers in Bridgewater

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 Bridgewater, 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 familiar 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 Bridgewater, 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 Bridgewater can range anywhere from small fines to huge fines, 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 especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was purposeful, as opposed to an honest mistake.

However, if it can be clearly proven that a person or corporation in Bridgewater, New Jersey intentionally attempted to harbor 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 Bridgewater, New Jersey Tax Evasion Lawyer Can Help

Tax lawyers in Bridgewater, New Jersey can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

If you find yourself truly accused of tax evasion, and are innocent, you should hire a Bridgewater, New Jersey attorney with experience 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.