Tax Evasion Lawyers in Kings Park

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

Most commonly, people who try to evade their taxes in Kings Park, 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 critical 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 Kings Park, New York

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

Punishments for evading one's taxes in Kings Park 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 usually 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.

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

A Kings 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.

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