Tax fraud is a major issue for the state of New York, and it has taken the trial of one of the state’s most famous natives to really shine a light on the issue. Convictions for tax fraud are very rare, given the complexity of such cases. Despite this, New York State – and specifically the South and Eastern circuit districts – features twice in the top five offenders nationally, according to the United States Sentencing Commission.

There are clear reasons for this, of course. New York as a state has a huge amount of revenue derived from service and wire means; it’s often easier to conduct scams in this environment. Deliberate evasion is becoming more common, too, to tackle the deleterious impact of tough economic circumstances. While the big ticket convictions for tax fraud are often welcomed – being seen as justice against abusers of the system – it’s also important to consider the lesser-known reasons for fraud, and its hidden consequences.

Avoiding tax

The post Uncovering the Hidden Ramifications: Exploring Lesser-Known Consequences of New York State Tax Fraud  appeared first on New York Criminal Attorney Blog.