Question
Luther recently received $30,000 of compensation for some consulting work (paid in cash). David recently received $30,000 of interest income from City of Ft. Lauderdale
Luther recently received $30,000 of compensation for some consulting work (paid in cash). David recently received $30,000 of interest income from City of Ft. Lauderdale bonds. Both taxpayers report no taxable income from these transactions. Is this considered tax avoidance or tax evasion? What is the difference, if any, between the two?
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Quality Audits For Improved Performance
Authors: Dennis R. Arter
3rd Edition
0873895703, 978-0873895705
