Tax Evasion Lawyers in Wanaque

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

Most commonly, people who try to evade their taxes in Wanaque, 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 Wanaque, New Jersey

Under federal and state law, including the laws of New Jersey, tax evasion is a very serious crime.

The penalties for tax evasion in Wanaque can range anywhere from small fines to huge fines, along with prison sentences of several years.

Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was deliberate, as opposed to an honest mistake.

On the other hand, if the prosecution can show that a Wanaque, New Jersey taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most severe punishment that's authorized by law. This can easily involve jail time.

A Wanaque, New Jersey Tax Evasion Lawyer Can Help

An attorney in Wanaque, New Jersey specializing in tax law can help you comply with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused of tax evasion in the first place.

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