Tax Evasion Lawyers in Cedarhurst
Tax Evasion in New York is a criminal act in which someone willfully fails to pay their taxes.
Most often, people who try to evade their taxes in Cedarhurst, New York will take steps to conceal their assets and income, or transferring their property to other legal entities in a fraudulent manner.
You may also be familiar with the term "tax avoidance." It is necessary that you don't confuse this with "tax evasion." Tax avoidance is perfectly legal, and is probably something that every taxpayer does whenever they file, whether they know it or not. It involves employing legal methods to make one's tax liability as small as possible, taking advantages of deductions and other tax breaks.
Penalties for Tax Evasion in Cedarhurst, New York
Under the laws of New York, as well as federal law, tax evasion is a very severe criminal offense.
In Cedarhurst, the punishments for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to fines in the tens (or hundreds) of thousands of dollars, and imprisonment.
In most cases, particularly 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 purposeful.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Cedarhurst, New York committed purposeful 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 Cedarhurst, New York Tax Evasion Lawyer Can Help
A Cedarhurst, New York attorney who specializes in tax law can help ensure that you are in compliance with all applicable tax laws, making an accusation of tax evasion less likely.
However, if you're actually accused of tax evasion, you will need a Cedarhurst, New York 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.