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View Full Version : Differentiate between tax avoidance and tax evasion


chelley21613
Jan 30, 2010, 10:27 AM
What is the difference between tax evasion and tax avoidance

mmdkline
Jan 30, 2010, 08:00 PM
Tax avoidance is the legitimate minimizing of taxes, using methods approved by the IRS

Tax evasion, on the other hand, is the illegal practice of not paying taxes, by not reporting income, reporting expenses not legally allowed, or by not paying taxes owed