Tax Evasion Lawyers in Lumberton

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 Lumberton, 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 Lumberton, New Jersey

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

Tax evaders in Lumberton 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.

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was deliberate.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Lumberton, New Jersey committed deliberate fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.

A Lumberton, New Jersey Tax Evasion Lawyer Can Help

Tax lawyers in Lumberton, 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.

Of course, if you've actually been accused of tax evasion, you should contact a Lumberton, New Jersey tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.