Tax Evasion Lawyers in Holbrook

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

Most often, people who try to evade their taxes in Holbrook, New York will take steps to conceal 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 Holbrook, New York

The federal government and the laws of New York impose grave penalties for tax evasion - treating it as an extremely serious crime.

In Holbrook, the penalties for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to penalties in the tens (or hundreds) of thousands of dollars, and imprisonment.

Typically, 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 willful evasion, as opposed to an honest error in accounting.

However, if the relevant tax authorities are able to demonstrate that a taxpayer in Holbrook, New York committed willful fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.

A Holbrook, New York Tax Evasion Lawyer Can Help

Tax lawyers in Holbrook, 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.

However, if you're actually accused of tax evasion, you will need a Holbrook, 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.