Tax Evasion Lawyers in Bayport
Tax Evasion in New York is a criminal act in which someone deliberately fails to pay their taxes.
Most frequently, people who try to evade their taxes in Bayport, New York will take steps to harbor 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 deliberately attempting to get out of one's tax liability through prohibited 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 Bayport, New York
Under federal and state law, including the laws of New York, tax evasion is a very severe crime.
The penalties for tax evasion in Bayport can range anywhere from small fines to huge fines, along with prison sentences of several years.
Normally, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of purposeful evasion, as opposed to an honest error in accounting.
But if the government is able to definitively establish that a defendant in Bayport, New York 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 Bayport, New York Tax Evasion Lawyer Can Help
An attorney in Bayport, New York 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 truly been accused of tax evasion, you should hire a Bayport, New York tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.