Tax Evasion Lawyers in Somerdale
Tax Evasion in New Jersey is a criminal act in which someone intentionally fails to pay their taxes.
Most commonly, people who try to evade their taxes in Somerdale, 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 using the tax laws strategically, to reduce one's actual tax liability as much as possible.
Penalties for Tax Evasion in Somerdale, New Jersey
Under federal and state law, including the laws of New Jersey, tax evasion is a very serious crime.
In Somerdale, the punishments for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to fines in the tens (or hundreds) of thousands of dollars, and imprisonment.
However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not normally 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 is able to definitively show that a defendant in Somerdale, New Jersey intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.
A Somerdale, New Jersey Tax Evasion Lawyer Can Help
A tax attorney in Somerdale, 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 clearly what one's tax liability is, and a tax attorney can help.
In the unfortunate event that you're really charged with tax evasion, it's essential that you hire a reliable tax attorney in Somerdale, 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.