Tax Evasion Lawyers in Salamanca
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 Salamanca, 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 variety 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 using the tax laws strategically, to reduce one's actual tax liability as much as possible.
Penalties for Tax Evasion in Salamanca, New York
The laws of the federal government, as well as New York take tax evasion quite seriously, making it a crime.
Tax evaders in Salamanca can be punished by multi-year prison sentences, as well as six-figure fines. Of course, there is a wide range of punishments available, with the ones just mentioned representing the most severe options available.
Normally, 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 deliberate evasion, as opposed to an honest error in accounting.
But, if the government can prove that a defendant in Salamanca, New York intentionally concealed income, in order to get out of paying taxes, a court will most likely impose the heaviest penalties allowed by law, including enormous fines, and several years in prison.
A Salamanca, New York Tax Evasion Lawyer Can Help
Tax lawyers in Salamanca, New York can help anyone from an individual to a big business pay their taxes more easily, and comply with federal and local tax laws.
However, if you're truly accused of tax evasion, you will need a Salamanca, New York tax attorney more than ever. If you are, in fact, innocent, a tax attorney can give you the best possible chance of being found not guilty.