Tax Evasion Lawyers in Gloversville

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

Most commonly, people who try to evade their taxes in Gloversville, New York will take steps to hide 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 necessary 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 Gloversville, New York

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

Punishments for evading one's taxes in Gloversville 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 normally so severe, particularly 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 Gloversville, New York willfully attempted to hide 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 Gloversville, New York Tax Evasion Lawyer Can Help

Tax lawyers in Gloversville, New York can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

In the unfortunate event that you're really charged with tax evasion, it's important that you hire a reliable tax attorney in Gloversville, 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.