Tax Evasion Lawyers in Manorhaven
Tax Evasion in New York is a criminal act in which someone intentionally fails to pay their taxes.
There are a few strategies that tax evaders use in Manorhaven, 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 variety 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 using the tax laws strategically, to reduce one's actual tax liability as much as possible.
Penalties for Tax Evasion in Manorhaven, New York
Both federal law and the law of New York treat tax evasion as a serious criminal offense.
Punishments for evading one's taxes in Manorhaven range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and fines in the hundreds of thousands of dollars.
However, the punishments for tax evasion, especially first offenses involving relatively small amounts of money, is not usually so severe, especially 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 Manorhaven, New York intentionally 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 Manorhaven, New York Tax Evasion Lawyer Can Help
Tax lawyers in Manorhaven, New York can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
Of course, if you've actually been accused of tax evasion, you should contact a Manorhaven, New York tax lawyer immediately. If you are innocent, a tax attorney will make sure you have the best chance possible at being acquitted.