Tax Evasion Lawyers in Clementon
Tax Evasion in New Jersey is a criminal act in which someone deliberately fails to pay their taxes.
Most frequently, people who try to evade their taxes in Clementon, New Jersey will take steps to harbor their assets and income, or transferring their property to other legal entities in a fraudulent manner.
"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the prohibited act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.
Penalties for Tax Evasion in Clementon, New Jersey
Both federal law and the law of New Jersey treat tax evasion as a significant criminal offense.
The penalties for tax evasion in Clementon 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 Clementon, 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 Clementon, New Jersey Tax Evasion Lawyer Can Help
An attorney in Clementon, 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 the government truly charges you with tax evasion, it cannot be stressed enough that you need the assistance of a reliable Clementon, 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.