Which of the following statements is false?

A. Minimizing tax liability using fraudulent or deceptive behavior is considered tax evasion.

B. Taxpayer who did not report cash receipts as income is evading tax not avoiding tax.

C. Claiming personal expenses as business expenses is considered tax avoidance.

D. Tax avoidance results in civil penalties or prison sentences.

E. A taxpayer who plans to sell an asset at a higher price postpones the transaction to save taxes based on the time value of money concept. This case is considered a tax avoidance.