How much do you know about The Difference between Tax Avoidance and Tax Evasion?

1. The Difference between Tax
Avoidance and Tax Evasion
By David Stewart Tax Evasion

2. Tax avoidance
Tax avoidance is the arrangement of one's
financial affairs to minimize tax liability within
the law. Businesses uses of legal methods to
modify an individual's financial situation in order
to lower the amount of income tax owed. This is
generally accomplished by claiming the
permissible deductions and credits.

3. Tax evasion
Tax evasion is the illegal nonpayment or
underpayment of tax. Typically, tax evasion
schemes involve an individual or corporation
misrepresenting their income to the Internal
Revenue Service (IRS).

4. • Learn more about tax evasion at
David Stewart Tax Evasion