Tax Evasion Lawyers in Demarest

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

Most commonly, people who try to evade their taxes in Demarest, New Jersey will take steps to hide 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 unlawful 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 Demarest, New Jersey

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

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

In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will normally be fairly mild. It will normally 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 intentional.

But if the government is able to definitively show that a defendant in Demarest, New Jersey intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.

A Demarest, New Jersey Tax Evasion Lawyer Can Help

A tax attorney in Demarest, New Jersey can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine clearly what one's tax liability is, and a tax attorney can help.

In the unfortunate event that you're really charged with tax evasion, it's imperative that you hire a reliable tax attorney in Demarest, 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.