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Subtle but important differences between avoidance and evasion

Accusations of tax evasion are very serious. Not only do they come with the social stigma associated with the word “evasion,” wherein others may think you were attempting to game the system to get out of paying your fair share, but they also could result in serious criminal penalties like:

Three tips to help tax preparers mitigate risks

Preparing tax forms is a tricky business. Those who pursue this profession are able to help better ensure that their clients make the most of their returns while also balancing obligations to the Internal Revenue Service (IRS). This balance is a slippery one, and a single misstep can result in a slip that is dangerous not only for the client, but for the tax professional as well.

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