Tax Evasion Lawyers in Floral 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 Floral 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 Floral Park, New York

Both federal law and the law of New York treat tax evasion as a significant criminal offense.

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

In most cases, especially when the amount of taxes evaded is small, and it's a first offense, the punishment will typically be fairly mild. It will typically 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 intentional.

However, if it can be clearly proven that a person or corporation in Floral Park, New York purposely 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 Floral Park, New York Tax Evasion Lawyer Can Help

A Floral Park, New York attorney who concentrates in tax law can help ensure that you are in conformity with all applicable tax laws, making an accusation of tax evasion less likely.

If you find yourself truly accused of tax evasion, and are innocent, you should hire a Floral Park, New York attorney with expertise 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.