There’s a difference between tax evasion and tax avoidance. One is legal, and the other will get you jail time. Learn the different types of tax evasion.
The difference between civil and criminal tax fraud can mean the difference between a monetary fine and years in jail.
There are many different types of tax fraud. Some will subject you to monetary fines and penalties, while others will lead to jail time.
According to the U.S. Department of Justice, a former IRS …
Some examples of tax evasion are straightforward – some are not. Taxpayers should know what tax evasion is to avoid potential prison time.
As the IRS ramps up enforcement efforts, taxpayers should have a good understanding of what tax fraud is, and the penalties they may face.
There is a huge difference between tax avoidance (legal) and tax evasion (illegal). Every taxpayer should know the difference.
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