Tax Avoidance vs. Tax Evasion for Americans Abroad
Tax avoidance and tax evasion may sound similar, but they have very different legal meanings. Tax avoidance involves using legitimate rules to reduce tax. Tax evasion involves intentionally hiding income, assets, or information to avoid paying tax that is legally due. What Is Legal Tax Avoidance? Legal tax avoidance includes using deductions, credits, exclusions, and…
