Tax Evasion Lawyers in Santa Fe County

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

Most often, people who try to evade their taxes in Santa Fe County, 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 purposely 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 Santa Fe County, New Mexico

The federal government and the laws of New Mexico impose grave penalties for tax evasion - treating it as an extremely serious crime.

In Santa Fe County, tax evasion can result in anything from a comparatively small fine, and a court order to pay any back taxes as well as interest, all the way up to financial penalties in the hundreds of thousands of dollars, as well as jail time.

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 willful.

But, if the government can prove that a defendant in Santa Fe County, New Mexico purposely 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 Santa Fe County, New Mexico Tax Evasion Lawyer Can Help

Tax lawyers in Santa Fe County, New Mexico can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

However, if you're actually accused of tax evasion, you will need a Santa Fe County, New Mexico 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.