Tax Evasion Lawyers in Union Beach
Tax Evasion in New Jersey is a criminal act in which someone intentionally fails to pay their taxes.
Most often, people who try to evade their taxes in Union Beach, 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 Union Beach, 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 Union Beach can range anywhere from small fines to huge fines, along with prison sentences of several years.
Typically, 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 is able to definitively prove that a defendant in Union Beach, 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 Union Beach, New Jersey Tax Evasion Lawyer Can Help
An Union Beach, New Jersey attorney who specializes in tax law can help ensure that you are in compliance with all applicable tax laws, making an accusation of tax evasion less likely.
In the unfortunate event that you're actually charged with tax evasion, it's essential that you hire a qualified tax attorney in Union Beach, 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.