While both tax evasion and tax fraud sound like something the IRS would frown upon, these two terms are not necessarily synonymous. Tax evasion refers to the use of deceptive and illegal means to lower or circumvent your tax obligations. Tax avoidance, on the other...
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Month: June 2021
Money laundering: Masking illegally earned money
People who are involved in illegal activities may have to make it appear that the money they’re earning is coming from a legitimate source. The process of doing this is known as money laundering. Unfortunately, the prevalence of money laundering can make innocent...