Tax Evasion Lawyers in Scarsdale
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 Scarsdale, 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 Scarsdale, New York
The laws of the federal government, as well as New York take tax evasion extremely seriously, making it a crime.
Tax evaders in Scarsdale 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.
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 intentional, as opposed to an honest mistake.
However, if the relevant tax authorities are able to demonstrate that a taxpayer in Scarsdale, New York committed intentional fraud, in order to evade their legal duty to pay taxes, a tax court is probably going to impose a more severe penalty, which may include jail time, and large financial penalties.
A Scarsdale, New York Tax Evasion Lawyer Can Help
A tax attorney in Scarsdale, New York can ensure that you meet your tax liabilities, which will make an audit, or charge of tax evasion, less likely. Sometimes, it's challenging to determine clearly what one's tax liability is, and a tax attorney can help.
If you find yourself really accused of tax evasion, and are innocent, you should hire a Scarsdale, 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.