Tax Evasion Lawyers in Fanwood

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 Fanwood, 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 Fanwood, New Jersey

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

Punishments for evading one's taxes in Fanwood range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.

Typically, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of deliberate evasion, as opposed to an honest error in accounting.

But, if the government can prove that a defendant in Fanwood, 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 Fanwood, New Jersey Tax Evasion Lawyer Can Help

Tax lawyers in Fanwood, 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 Fanwood, 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.