Tax Evasion Lawyers in Sunland Park

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

Most commonly, people who try to evade their taxes in Sunland Park, New Mexico will take steps to hide 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 unlawful means. Tax avoidance is perfectly legal, and involves using 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 Sunland Park, New Mexico

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

In Sunland Park, tax evasion can result in anything from a relatively 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, particularly when the amount of taxes evaded is small, and it's a first offense, the punishment will normally be fairly mild. It will normally 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 purposeful.

But if the government is able to definitively show that a defendant in Sunland Park, New Mexico intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.

A Sunland Park, New Mexico Tax Evasion Lawyer Can Help

An attorney in Sunland Park, New Mexico 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 Sunland Park, New Mexico tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.