Tax Evasion Lawyers in Bronxville

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

Most frequently, people who try to evade their taxes in Bronxville, 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 willfully 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 Bronxville, New York

Under federal and state law, including the laws of New York, tax evasion is a very serious crime.

Punishments for evading one's taxes in Bronxville range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.

Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is especially true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was deliberate, as opposed to an honest mistake.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Bronxville, New York committed deliberate fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.

A Bronxville, New York Tax Evasion Lawyer Can Help

A tax attorney in Bronxville, New York 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 Bronxville, New York 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.