Tax Evasion Lawyers in Nyack

Tax Evasion in New York is a criminal act in which someone purposely fails to pay their taxes.

There are a few strategies that tax evaders use in Nyack, 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 Nyack, 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 Nyack 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.

Most often, tax evasion - if it's a first offense and the tax liability is small - will not be cause for huge fines or imprisonment. This is particularly true if the prosecution can't definitively prove that that the defendant's failure to pay taxes was willful, as opposed to an honest mistake.

However, if it can be clearly proven that a person or corporation in Nyack, New York purposely attempted to harbor 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 Nyack, New York Tax Evasion Lawyer Can Help

Attorneys in Nyack, 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.

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