Tax Evasion in Parsippany, New Jersey

Find the right Tax Evasion attorney in Parsippany, NJ

Tax Evasion Lawyers in Parsippany

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

Most often, people who try to evade their taxes in Parsippany, 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 utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Parsippany, 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 Parsippany 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.

Typically, 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.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Parsippany, New Jersey committed intentional 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 Parsippany, New Jersey Tax Evasion Lawyer Can Help

Tax lawyers in Parsippany, New Jersey can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

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

Talk to a Tax Law Attorney now!

Life in Parsippany

Parsiappny, a.k.a. Parsippany-Troy Hills Township, is located in Morris County, New Jersey. The name stems from the Native American word "parsipanong," which means "the place where the river winds through the valley." In 2006, Money Magazine ranked the city seventeenth amongst The Best Places to Live in the United States. In 2008, the rank increased to thirteenth.

The city is also known because it has been referenced in both television and films. References include the television sitcom Seinfeld, specifically "The Mom Pop Store" episode. Film references include The Ex, Beer League, and The Karate Kid.

Many attorneys practice in Pasippany. These attorneys focus on providing personalized legal services to their clients. Therefore any and every legal need of residents and businesses can easily be handled by the legal force in Parsippany.

Famous residents include Keith Ferris, James Jean, Jeff Koyen, Robert Lazzarini, Johnnie Moran, Joe Orsulak, Angelo Savoldi, and Chris Singleton.

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