Tax Evasion Lawyers in Deming

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

Most often, people who try to evade their taxes in Deming, New Mexico will take steps to conceal their assets and income, or transferring their property to other legal entities in a fraudulent manner.

"Tax evasion" should not be confused with "tax avoidance." Tax evasion is the act of intentionally attempting to get out of one's tax liability through illegal means. Tax avoidance is perfectly legal, and involves utilizing legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.

Penalties for Tax Evasion in Deming, New Mexico

Under the laws of New Mexico, as well as federal law, tax evasion is a very egregious criminal offense.

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

In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will usually be fairly mild. It will usually 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 intentional.

But if the government is able to definitively prove that a defendant in Deming, New Mexico 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 Deming, New Mexico Tax Evasion Lawyer Can Help

A tax attorney in Deming, New Mexico can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine exactly what one's tax liability is, and a tax attorney can help.

If you find yourself actually accused of tax evasion, and are innocent, you should hire a Deming, New Mexico attorney with expertise practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.