Tax Evasion Lawyers in Hainesport

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

Most commonly, people who try to evade their taxes in Hainesport, 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 Hainesport, New Jersey

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

Punishments for evading one's taxes in Hainesport 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.

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 Hainesport, 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 Hainesport, New Jersey Tax Evasion Lawyer Can Help

Attorneys in Hainesport, 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 really charged with tax evasion, it's important that you hire a reliable tax attorney in Hainesport, 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.