Tax Evasion Lawyers in Monticello

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 Monticello, 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 Monticello, New York

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

Tax evaders in Monticello can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of penalties available, with the ones just mentioned representing the most severe options available.

However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not typically so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

On the other hand, if the prosecution can establish that a Monticello, 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 Monticello, New York Tax Evasion Lawyer Can Help

Tax lawyers in Monticello, 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.

In the unfortunate event that you're truly charged with tax evasion, it's essential that you hire a knowledgeable tax attorney in Monticello, 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.