NYC Tax Evasion Lawyers

Tax evasion is considered a serious crime and is penalized as such in the state of New York. At Cohen Forman Barone P.C, our NYC tax evasion attorneys are well-versed in the complexities of these cases and are ready to protect your rights, advocate for your interests, and explore all possible defenses on your behalf.

Call Cohen Forman Barone P.C today at (212) 577-9314 or contact us online to schedule a consultation with our NYC tax evasion attorneys.

What is Tax Evasion?

Tax evasion occurs when an individual or entity deliberately misrepresents or conceals their financial information to reduce their tax liability. This typically involves underreporting income, inflating deductions, hiding assets, or engaging in other deceptive practices to lower one's tax obligation. Tax evasion differs from tax avoidance, which involves legitimate strategies to minimize tax liability within the bounds of the law.

Tax evasion is a federal and state-level crime, and in New York, it is treated with utmost seriousness. The Internal Revenue Service (IRS) and the New York State Department of Taxation and Finance (NYSDTF) are vigilant in detecting and prosecuting instances of tax evasion. Individuals or businesses suspected of tax evasion can face criminal charges and severe penalties.

Common Signs of Tax Evasion Allegations

Being accused of tax evasion can be a daunting experience, especially if you are unaware of the common indicators that may lead to such allegations. Recognizing these signs early can help you take proactive measures to protect your rights and financial future.

Here are some warning signs that you might be facing tax evasion scrutiny:

• Unreported Income: Failing to report all sources of income can raise red flags with the IRS.
• Excessive Deductions: Claiming unusually high deductions compared to your income may attract attention.
• Offshore Accounts: Holding funds in foreign accounts without proper disclosure can lead to serious legal troubles.
• Cash Transactions: Frequent cash transactions, especially in businesses, can be seen as an attempt to hide income.
• Inconsistent Tax Returns: Discrepancies between your tax returns and other financial documents can trigger investigations.

If you notice any of these signs, it’s crucial to consult with a tax attorney immediately. Our experienced team at Cohen Forman Barone, P.C. can guide you through the complexities of tax law and provide the representation you need to navigate these challenges effectively.

What are the Penalties for Tax Evasion in New York?

Tax evasion in New York carries harsh penalties that can significantly impact your life, finances, and reputation. Understanding these penalties is crucial to appreciate the gravity of the situation and the importance of obtaining skilled legal representation.

• Criminal Charges: Tax evasion is a criminal offense, and you may face criminal charges if you are found guilty. These charges can lead to fines, probation, restitution, and even imprisonment.
• Civil Penalties: In addition to criminal penalties, tax evaders may be subject to civil penalties, including substantial fines and the repayment of unpaid taxes with interest.
• Asset Seizure: Authorities may seize your assets to satisfy unpaid tax debts. This can include bank accounts, real estate, vehicles, and other valuable possessions.
• Reputation Damage: A tax evasion conviction can seriously damage your personal and professional reputation, making it difficult to secure employment, loans, or professional licenses.
• IRS Audits: A tax evasion investigation can trigger a thorough audit of your financial records, which can be invasive, time-consuming, and costly.
• Criminal Record: A conviction for tax evasion will result in a criminal record that can impact your ability to secure housing, employment, or obtain credit.
• Incarceration: Depending on the severity of the particular offense, you may face imprisonment, further affecting your personal and professional life.

Defenses Against Tax Evasion Charges in NYC

Some common defenses against tax evasion charges may include:

• Lack of Intent: Tax evasion requires intent to deceive or defraud. It may be a valid defense if you can demonstrate that you made an honest mistake and had no intention to evade taxes.
• Mistaken Identity: If you can prove that someone else used your identity or engaged in fraudulent activity without your knowledge, this could be a strong defense.
• Factual Disputes: Disputing the facts and figures the prosecution presents can be an effective defense strategy. This may involve challenging the accuracy of the government's calculations or evidence.
• Statute of Limitations: Tax evasion charges must be filed within a certain timeframe. If the statute of limitations has expired, your charges may be dismissed.
• Coercion or Duress: This could be a viable defense if you can demonstrate that you were forced or threatened into committing tax evasion.
• Insufficient Evidence: If insufficient evidence proves your guilt beyond a reasonable doubt, we can argue for the case's dismissal.

Why Choose Cohen Forman Barone, P.C. for Your Tax Evasion Case?

When facing allegations of tax evasion, having a knowledgeable and experienced legal team on your side is crucial. At Cohen Forman Barone, P.C., we understand the complexities of tax law and the nuances of defending against tax evasion charges. Our dedicated attorneys have a proven track record of successfully navigating these challenging cases, ensuring that our clients receive the best possible outcomes.

Here’s why you should consider partnering with us:

• Personalized Legal Strategy: We take the time to understand your unique situation and tailor our defense strategy to fit your specific needs.
• In-Depth Knowledge: Our attorneys stay updated on the latest tax laws and regulations, ensuring that we can effectively challenge any allegations against you.
• Strong Negotiation Skills: We are adept at negotiating with prosecutors to potentially reduce charges or penalties, aiming for the most favorable resolution.
• Comprehensive Support: From the initial consultation to the resolution of your case, we provide continuous support, keeping you informed every step of the way.
• Commitment to Your Rights: We are passionate about protecting your rights and ensuring that you receive fair treatment under the law.

Don't leave your future to chance. Contact Cohen Forman Barone, P.C. today for a confidential consultation and let us help you navigate through this challenging time with confidence.

Call Cohen Forman Barone P.C today at (212) 577-9314 or contact us online to schedule a consultation with our NYC tax evasion attorneys.