Tax Evasion Lawyers in Deer Park
Tax Evasion in New York is a criminal act in which someone purposely fails to pay their taxes.
Most frequently, people who try to evade their taxes in Deer Park, 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 acquainted with the term "tax avoidance." It is crucial 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 Deer Park, New York
Under the laws of New York, as well as federal law, tax evasion is a very egregious criminal offense.
Punishments for evading one's taxes in Deer Park range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.
However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not typically so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.
But, if the government can prove that a defendant in Deer Park, New York purposely 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 Deer Park, New York Tax Evasion Lawyer Can Help
Attorneys in Deer Park, New York who practice tax law can help you stay in conformity with your tax commitments. This is a good way to confirm that you won't be suspected of tax evasion in the first place.
If the government truly charges you with tax evasion, it cannot be stressed enough that you need the assistance of a reliable Deer Park, 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.