Tax Evasion Lawyers in Oyster Bay

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

There are a few strategies that tax evaders use in Oyster Bay, 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 number 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 utilizing the tax laws strategically, to reduce one's actual tax liability as much as possible.

Penalties for Tax Evasion in Oyster Bay, New York

The federal government and the laws of New York impose grave penalties for tax evasion - treating it as an extremely serious crime.

Tax evaders in Oyster Bay 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.

Usually, 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 intentional evasion, as opposed to an honest error in accounting.

On the other hand, if the prosecution can show that an Oyster Bay, 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 authorized by law. This can easily involve jail time.

A Oyster Bay, New York Tax Evasion Lawyer Can Help

An Oyster Bay, 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.

In the unfortunate event that you're really charged with tax evasion, it's important that you hire a reliable tax attorney in Oyster Bay, 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.