Tax Evasion Lawyers in Garden City
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 Garden City, 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 Garden City, New York
Both federal law and the law of New York treat tax evasion as a significant criminal offense.
Punishments for evading one's taxes in Garden City 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.
Normally, an initial offense of tax evasion, if the amount of tax evaded is comparatively small, will not result in jail time or massive fines. This is particularly the case if the government has trouble proving that the failure to pay taxes was the result of intentional evasion, as opposed to an honest error in accounting.
But, if the government can prove that a defendant in Garden City, 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 Garden City, New York Tax Evasion Lawyer Can Help
Attorneys in Garden City, 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.
However, if you're truly accused of tax evasion, you will need a Garden City, New York tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.