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Month: March 2021

Taxes—are you evading or avoiding?

  The U.S. tax code is a federal document comprised of a collection of tax laws regulating how Americans must pay their taxes. Within these laws are provisions taxpayers can use to lower their tax burden legally. Taxpayers who attempt to reduce their tax burden...

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Tax evasion: consequences and actions

Payment of taxes is an important civic duty of every citizen who has a source of income. The obligation to collect taxes vests in the revered hands of Internal Revenue Services (IRS). Failure to remit all the taxes that are due to IRS can be considered as tax evasion,...

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