Tax Evasion Lawyers in Cresskill

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

Most often, people who try to evade their taxes in Cresskill, New Jersey will take steps to conceal 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 illegal act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves using the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Cresskill, New Jersey

Both federal law and the law of New Jersey treat tax evasion as a serious criminal offense.

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

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was deliberate.

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

Tax lawyers in Cresskill, 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.

In the unfortunate event that you're actually charged with tax evasion, it's essential that you hire a qualified tax attorney in Cresskill, New Jersey. If you are actually innocent, your tax attorney can help make sure that you have the best chance you can of being found not guilty.