Tax Evasion Lawyers in Dobbs Ferry
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 Dobbs Ferry, 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 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 Dobbs Ferry, 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 Dobbs Ferry 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.
In the majority of tax evasion cases, however, the punishments are not so severe. This is particularly likely in first offenses, when the amount of money involved is fairly small. Minor punishments for tax evasion normally mean a small fine, on top of an order to pay whatever taxes the taxpayer owes. A minor punishment is most likely when the government has trouble proving that fraud was involved, as opposed to an honest accounting error.
But, if the government can prove that a defendant in Dobbs Ferry, New York intentionally 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 Dobbs Ferry, New York Tax Evasion Lawyer Can Help
An attorney in Dobbs Ferry, New York specializing in tax law can help you adhere with all the tax laws that apply to you, which makes it very unlikely that you'll ever be accused 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 Dobbs Ferry, 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.