A client has come to you for advice. Your client is really interested in decreasing his/her tax liability and is somewhat aggressive. A friend of a friend told him/her that cash transactions are more difficult for the IRS to identify and, thus, tax. Your client is contemplating using this strategy of not reporting cash collected in his business to minimize his tax liability.

Required: Is this tax planning or tax evasion? Explain to your client the risks with this strategy? Would you be willing to file taxes on behalf of this client? Why or why not? Are there any moral or ethical considerations in this instance?