The Line Between Tax Advoidance and Tax Evasion…

is made out of chain link and topped with razor wire.  How do you make sure you’re on the non-orange jumpsuit side of the fence?

Tax avoidance is an action taken to lessen tax liability and maximize after-tax income.  This is totally legal.  Tax evasion is a failure to pay or a deliberate underpayment of taxes.  This is the choice to make if you’d like a future full of high starch institutional meals.  Do you feel a little fuzzy on the subject?  Take a quiz at the IRS’s website to test you tax avoidance and tax evasion knowledge.

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