Tax Evasion Lawyers in Union
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 Union, 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 Union, New Jersey
Under federal and state law, including the laws of New Jersey, tax evasion is a very significant crime.
The penalties for tax evasion in Union can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
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 willful evasion, as opposed to an honest error in accounting.
But if the government is able to definitively show that a defendant in Union, New Jersey intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.
A Union, New Jersey Tax Evasion Lawyer Can Help
An Union, New Jersey attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.
However, if you're really accused of tax evasion, you will need an Union, New Jersey tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.