Tax Evasion Lawyers in Florham Park

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

Most often, people who try to evade their taxes in Florham Park, 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 Florham Park, 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 Florham Park range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.

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

But if the government is able to definitively prove that a defendant in Florham Park, 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 Florham Park, New Jersey Tax Evasion Lawyer Can Help

A Florham Park, New Jersey attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.

In the unfortunate event that you're actually charged with tax evasion, it's imperative that you hire a qualified tax attorney in Florham Park, 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.