Tax Evasion Lawyers in Lake Grove
Tax Evasion in New York is a criminal act in which someone deliberately fails to pay their taxes.
There are a few strategies that tax evaders use in Lake Grove, New York. One of the most typical tactics is to make it appear that the taxpayer has less taxable income than they actually do. There are a wide number of ways to harbor income for the purpose of evading one's tax liability, but all of them are illegal.
"Tax evasion" should be distinguished from "tax avoidance." Tax evasion is the prohibited act of trying to hide one's tax liability. Tax avoidance, on the other hand, is perfectly legal, and simply involves utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.
Penalties for Tax Evasion in Lake Grove, 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 Lake Grove can range anywhere from small penalties to huge penalties, along with prison sentences of several years.
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 willful evasion, as opposed to an honest error in accounting.
On the other hand, if the prosecution can establish that a Lake Grove, New York taxpayer engaged in fraud, and knowingly failed to pay their taxes, a tax court will probably impose the most grave punishment that's permitted by law. This can easily involve jail time.
A Lake Grove, New York Tax Evasion Lawyer Can Help
A Lake Grove, 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.
However, if you're truly accused of tax evasion, you will need a Lake Grove, 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.