Tax Evasion Lawyers in Elmwood Park

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

Most commonly, people who try to evade their taxes in Elmwood Park, 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 Elmwood Park, 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 Elmwood Park can range anywhere from small penalties to huge penalties, along with prison sentences of several years.

In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion usually mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.

But, if the government can prove that a defendant in Elmwood Park, New Jersey intentionally concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.

A Elmwood Park, New Jersey Tax Evasion Lawyer Can Help

An attorney in Elmwood Park, 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 really charges you with tax evasion, it cannot be stressed enough that you need the assistance of a seasoned Elmwood Park, 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.