Tax Evasion Lawyers in Oradell

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 Oradell, 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 Oradell, New Jersey

The federal government and the laws of New Jersey impose grave penalties for tax evasion - treating it as an extremely serious crime.

Tax evaders in Oradell 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 intentional evasion, as opposed to an honest error in accounting.

But, if the government can prove that a defendant in Oradell, New Jersey deliberately 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 Oradell, New Jersey Tax Evasion Lawyer Can Help

Attorneys in Oradell, 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.

If the government really charges you with tax evasion, it cannot be stressed enough that you need the assistance of a seasoned Oradell, New Jersey tax attorney. Assuming you're actually innocent, your tax lawyer can help you prepare a defense, and ensure that you have a good chance of being found not guilty. On top of that, they can make getting through such a difficult time much easier.