Tax Evasion Lawyers in Colonie

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

Most commonly, people who try to evade their taxes in Colonie, New York will take steps to hide 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 Colonie, New York

Under the laws of New York, as well as federal law, tax evasion is a very severe criminal offense.

The penalties for tax evasion in Colonie can range anywhere from small fines to huge fines, along with prison sentences of several years.

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 can prove that a defendant in Colonie, New York willfully 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 Colonie, New York Tax Evasion Lawyer Can Help

Tax lawyers in Colonie, New York can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.

If you find yourself really accused of tax evasion, and are innocent, you should hire a Colonie, New York attorney with experience practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.