Tax Evasion Lawyers in Westwood

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

Most frequently, people who try to evade their taxes in Westwood, New Jersey will take steps to harbor 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 prohibited 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 Westwood, 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 Westwood can range anywhere from small fines to huge fines, along with prison sentences of several years.

In most cases, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically result in an order to pay the taxes the defendant owes, plus a small financial penalty. This is especially likely when it cannot be proven that the failure to pay taxes was deliberate.

But, if the government can prove that a defendant in Westwood, New Jersey willfully 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 Westwood, New Jersey Tax Evasion Lawyer Can Help

A tax attorney in Westwood, 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 precisely what one's tax liability is, and a tax attorney can help.

If the government truly charges you with tax evasion, it cannot be stressed enough that you need the assistance of a knowledgeable Westwood, New Jersey tax attorney. Assuming you're actually innocent, your tax lawyer can help you prepare a defense, and ensure that you have a good chance of being found not guilty. On top of that, they can make getting through such a difficult time much easier.