Tax Evasion Lawyers in Dannemora

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

Most frequently, people who try to evade their taxes in Dannemora, New York will take steps to harbor 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 essential 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 Dannemora, New York

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

Punishments for evading one's taxes in Dannemora 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.

However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not typically so severe, especially when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

However, if it can be clearly proven that a person or corporation in Dannemora, New York intentionally attempted to harbor income or assets for the purpose of getting out of taxes, a court will probably throw the book at them, so to speak. This can mean jail sentences measured in years, and fines in the six or seven figures.

A Dannemora, New York Tax Evasion Lawyer Can Help

A Dannemora, 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.

In the unfortunate event that you're truly charged with tax evasion, it's essential that you hire a knowledgeable tax attorney in Dannemora, New York. If you are actually innocent, your tax attorney can help make sure that you have the best chance you can of being found not guilty.