Tax Evasion Lawyers in Fair Lawn

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

Most frequently, people who try to evade their taxes in Fair Lawn, 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 using the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Fair Lawn, 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 Fair Lawn can range anywhere from small fines to huge fines, along with prison sentences of several years.

In the majority of tax evasion cases, however, the punishments are not so severe. This is especially likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion normally 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.

On the other hand, if the prosecution can establish that a Fair Lawn, New Jersey taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's permitted by law. This can easily involve jail time.

A Fair Lawn, New Jersey Tax Evasion Lawyer Can Help

An attorney in Fair Lawn, New Jersey specializing in tax law can help you comply 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 knowledgeable Fair Lawn, 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.