Tax Evasion Lawyers in New Hempstead
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 New Hempstead, New York. One of the most frequent 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 hide 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 unlawful 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 New Hempstead, New York
The federal government and the laws of New York impose severe penalties for tax evasion - treating it as an extremely serious crime.
In New Hempstead, the punishments for tax evasion can range from a court order to pay back taxes, plus a small fine, and range all the way up to fines in the tens (or hundreds) of thousands of dollars, and imprisonment.
Usually, a first offense of tax evasion, if the amount of tax evaded is relatively small, will not result in jail time or massive fines. This is especially the case if the government has trouble proving that the failure to pay taxes was the result of purposeful evasion, as opposed to an honest error in accounting.
But if the government is able to definitively show that a defendant in New Hempstead, New York intentionally engaged in fraud to get out of paying taxes, a tax court is highly unlikely to show any leniency, and may well sentence the defendant to prison time.
A New Hempstead, New York Tax Evasion Lawyer Can Help
Attorneys in New Hempstead, New York who practice tax law can help you stay in compliance with your tax obligations. This is a good way to ensure that you won't be suspected of tax evasion in the first place.
In the unfortunate event that you're really charged with tax evasion, it's imperative that you hire a reliable tax attorney in New Hempstead, 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.