Tax Evasion Lawyers in Little Falls

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 Little Falls, New York. One of the most common 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 conceal 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 illegal 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 Little Falls, New York

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

The penalties for tax evasion in Little Falls can range anywhere from small penalties to huge penalties, along with prison sentences of several years.

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 typically 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 Little Falls, New York deliberately attempted to conceal 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 Little Falls, New York Tax Evasion Lawyer Can Help

Attorneys in Little Falls, 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.

If the government actually charges you with tax evasion, it cannot be stressed enough that you need the assistance of a reputable Little Falls, New York tax attorney. Assuming you're actually innocent, your tax lawyer can help you prepare a defense, and ensure that you have a good chance of being found not guilty. On top of that, they can make getting through such a difficult time much easier.