Can You Go to Jail for Tax Evasion in New Jersey?
Tax evasion is perhaps one of the most “understandable” crimes in all of history. Throughout the many thousands of years of human society, average workers have always been required to pay tribute to some higher authority. In the past, these payments went towards Roman emperors, kings, or even local warlords. Today, we instead pay our taxes to the government. But what happens if you get caught up in a tax evasion scandal? Could you face time in prison if you are found guilty of tax evasion?
If you are facing a situation like this, then it makes sense to get in touch with a qualified criminal defense attorney as soon as possible. Tax evasion might not be the most terrible crime in the world, but you can potentially face serious consequences. With the help of a skilled, experienced attorney, you can avoid a wide range of penalties, including jail time.
A Notable Example of Tax Evasion in Bergen County
On March 5th, 2021, it was reported that a well-known local man in Bergen County had been charged with tax evasion. David Kushner was accused of evading hundreds of thousands of dollars in taxes, and an attorney involved with the case stated that his methods were incredibly simple. The real estate investor and property manager was simply moving funds from his business into his personal accounts, and then spending that money on personal expenses.
Amazingly, Kushner also failed to file a single tax return from 2014 to 2016. How did he expect to get away with it? Back in 2017, he and his wife were asked by the IRS to pay almost $700,000 in unpaid federal taxes, interest, and penalties. The family dealt with a slew of other legal problems during this turbulent period.
Can You Go To Jail for Tax Evasion in New Jersey?
The simple answer is yes – you can go to jail for tax evasion in New Jersey. That being said, it’s important to understand the different types of tax fraud. Tax avoidance is perhaps the most serious offense, as it involves intentionally not paying taxes. An example of this would be failing to file a tax return. If you file a tax return and you unintentionally make a few mistakes that lead to you paying fewer taxes, you will likely not be charged with a crime.
If there is strong evidence to suggest that these mistakes were intentional, you will be guilty of a felony. This can lead to imprisonment of five years and a fine of up to $100,000. Simply failing to file a tax return usually results in a misdemeanor that involves prison time of up to 1 year and a fine of up to $25,000. If you intentionally failed to file, you could be charged with a felony (tax evasion). All forms of tax evasion involve prison time of up to 5 years and a fine of up to $100,000.
Enlist the Help of a Qualified Attorney Today
If you have been charged with tax evasion, reach out to New Jersey criminal defense attorney Phillip J. Murphy. With a wide range of criminal defense experience, Phillip J. Murphy can help you pursue justice and fight for your freedom.