Tax Evasion Lawyers in Wading River

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 Wading River, 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 not be confused with "tax avoidance." Tax evasion is the act of purposely attempting to get out of one's tax liability through prohibited means. Tax avoidance is perfectly legal, and involves utilizing legal strategies (such as taking advantage of deductions and tax credits) to reduce one's legal tax liability. However, someone engaging in tax avoidance typically intends to pay whatever they end up owing, even as they try to reduce the amount they owe.

Penalties for Tax Evasion in Wading River, New York

Under the laws of New York, as well as federal law, tax evasion is a very egregious criminal offense.

Tax evaders in Wading River 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.

However, the punishments for tax evasion, particularly first offenses involving relatively small amounts of money, is not typically so severe, particularly when it looks like the failure to pay taxes was the result of an honest mistake, rather than deliberate fraud.

On the other hand, if the prosecution can establish that a Wading River, 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 permitted by law. This can easily involve jail time.

A Wading River, New York Tax Evasion Lawyer Can Help

Tax lawyers in Wading River, New York can help anyone from an individual to a big business pay their taxes more quickly, and adhere with federal and local tax laws.

However, if you're truly accused of tax evasion, you will need a Wading River, 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.