Tax Evasion Lawyers in North Syracuse
Tax Evasion in New York is a criminal act in which someone knowingly fails to pay their taxes.
There are a few strategies that tax evaders use in North Syracuse, 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 North Syracuse, New York
The federal government and the laws of New York impose grave penalties for tax evasion - treating it as an extremely serious crime.
Punishments for evading one's taxes in North Syracuse range from paying back taxes plus interest (a relatively mild punishment) all the way up to years in prison, and penalties in the hundreds of thousands of dollars.
Typically, 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.
But if the government is able to definitively prove that a defendant in North Syracuse, New York intentionally engaged in fraud to get out of paying taxes, a tax court is very unlikely to show any leniency, and may well sentence the defendant to prison time.
A North Syracuse, New York Tax Evasion Lawyer Can Help
A North Syracuse, 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.
If you find yourself actually accused of tax evasion, and are innocent, you should hire a North Syracuse, New York attorney with expertise practicing tax law, as soon as possible. Your tax attorney can help you defend yourself against the charges, ensuring that you have a good chance at being acquitted.