Tax Evasion Lawyers in Tinton Falls
Tax Evasion in New Jersey is a criminal act in which someone knowingly fails to pay their taxes.
Most commonly, people who try to evade their taxes in Tinton Falls, 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 Tinton Falls, New Jersey
Under federal and state law, including the laws of New Jersey, tax evasion is a very severe crime.
The penalties for tax evasion in Tinton Falls can range anywhere from small fines to huge fines, along with prison sentences of several years.
Usually, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of purposeful evasion, as opposed to an honest error in accounting.
But, if the government can prove that a defendant in Tinton Falls, New Jersey knowingly 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 Tinton Falls, New Jersey Tax Evasion Lawyer Can Help
Attorneys in Tinton Falls, New Jersey who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
In the unfortunate event that you're really charged with tax evasion, it's critical that you hire a reliable tax attorney in Tinton Falls, 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.