Tax Evasion Lawyers in Keansburg
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 Keansburg, 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 Keansburg, New Jersey
Both federal law and the law of New Jersey treat tax evasion as a serious criminal offense.
Tax evaders in Keansburg can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.
However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not usually so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
But, if the government can prove that a defendant in Keansburg, 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 Keansburg, New Jersey Tax Evasion Lawyer Can Help
A tax attorney in Keansburg, New Jersey can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's difficult to determine exactly what one's tax liability is, and a tax attorney can help.
In the unfortunate event that you're actually charged with tax evasion, it's essential that you hire a qualified tax attorney in Keansburg, 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.