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Tax evasion is the illegal intentional nonpayment or underpayment of taxes due, and those who engage in it can be subject to criminal prosecution, penalties, and jail time.
Tax evasion is an illegal attempt to defeat the imposition of taxes by individuals, corporations, trusts, and others. Tax evasion often entails the deliberate misrepresentation of the taxpayer's affairs to the tax authorities to reduce the taxpayer's tax liability, and it includes dishonest tax reporting, declaring less income, profits or gains ...
Tax evasion is a form of tax fraud that involves the use of illegal methods to conceal income or information from the IRS or other tax authorities to avoid the assessment or payment of taxes....
Tax evasion is the use of illegal means to avoid paying taxes, including claiming illegitimate deductions, misreporting income and setting up shell corporations overseas. Every...
Tax evasion is the use of illegal means to avoid paying taxes. Typically, tax evasion schemes involve an individual or corporation misrepresenting their income to the Internal Revenue Service.
The Internal Revenue Service (IRS) defines tax evasion as the failure to pay or the deliberate underpayment of federal income taxes. Anyone found guilty of tax evasion faces hefty fines, prison time, or both. Let's take a closer look at what tax evasion is so you know where to draw the line.
The meaning of TAX EVASION is a willful and especially criminal attempt to evade the imposition or payment of a tax. How to use tax evasion in a sentence.
Tax evasion, or tax fraud, is the willful and illegal avoidance of tax payments to a government. Learn how tax evasion works and the consequences of it.
illegal methods used by people or companies to reduce the tax they pay, or a particular situation where this happens: He was arrested in October on charges of tax evasion and fraud. Tax evasion schemes were responsible for over £16m of frauds last year.
What Is Tax Evasion? Tax evasion is an illegal activity that involves lying to the IRS or another taxing authority about the amount you owe.