Tax Evasion Lawyers in Emerson
Tax Evasion in New Jersey is a criminal act in which someone willfully fails to pay their taxes.
Most often, people who try to evade their taxes in Emerson, 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 utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.
Penalties for Tax Evasion in Emerson, 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 Emerson 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 typically 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 Emerson, New Jersey willfully 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 Emerson, New Jersey Tax Evasion Lawyer Can Help
Attorneys in Emerson, New Jersey who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.
In the unfortunate event that you're actually charged with tax evasion, it's important that you hire a qualified tax attorney in Emerson, 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.