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Co-owner of media brokerage firm sentenced for filing false tax returns | Internal Revenue Service (irs.gov) The article linked above talks about fraud based on
Co-owner of media brokerage firm sentenced for filing false tax returns | Internal Revenue Service (irs.gov)
The article linked above talks about fraud based on IRS guidelines.
Discuss the distinction between tax evasion and tax avoidance.
People may make mistakes with their taxes. This may be unintentional. However, others deliberately try to avoid paying taxes. Address the following:
- Did the person who avoided paying tax do so properly?
- What legal ways could the tax evader have used to avoid being accused of tax evasion?
- Explain the proper way to avoid paying tax using a tax planning approach.
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