Tax Evasion Lawyers in Hopatcong

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

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

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

Tax evaders in Hopatcong can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of penalties available, with the ones just mentioned representing the most severe options available.

Usually, 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.

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

A Hopatcong, New Jersey Tax Evasion Lawyer Can Help

A Hopatcong, 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.

However, if you're really accused of tax evasion, you will need a Hopatcong, New Jersey tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.