Tax Avoidance Vs Tax EVASION: The Difference and Why it Matters

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Tax avoidance and Tax EVASION are two completely different approaches to tax planning.

If you don't understand the difference between these two approaches, you may find yourself facing severe tax penalties, or even worse... in JAIL!

Our channel is all about promoting ways to save on taxes LEGALLY. So stay tuned for this full episode to make sure you understand the best strategy to do this.

Comment below if you want to learn more about tax avoidance.

- What is Tax Avoidance?: (1:00)
- Examples of Tax Avoidance: (2:26)
- What is Tax EVASION?: (3:33)

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Disclaimer: The information provided in this video is for informational purposes only and is not meant to take the place of professional legal, accounting, or financial advice. If you have any legal questions about this video or the subjects discussed, or any other legal matter, you should consult with an attorney or tax professional in your jurisdiction (i.e. where you live).
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Great vid. And totally unrelated but I heard someone say it was legal to deduct your dog as a business expense as long as it purpose was to "guard business property or assets" I'm assuming its supposed to be a certain breed right? I wanna hear your take on this. (I don't do this btw lol)

GojiCenter
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Relationship test in Chicago because of Puerto Rico

LeonardJohnson-tl
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You and your team are truly a blessing🙌 Thanks

lashundavis
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What if you're avoiding paying taxes on purpose and paying cash for employees. Asking jobs to pay in cash to hide income. Evading taxes completely on jobs like construction, architecture, plumbing, general contractor, and employees???

hopbebop
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You can always tell someone has never paid any government taxes just based on how much they talk. Lol.

infernus
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Awesome video and very helpful, informative content on the subject matter! Here's my short, witty understanding of the difference between tax avoidance and tax evasion:
Tax Avoidance = Jeff Bezos
Tax Evasion = Al Capone 😂

Al-rnqy
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There IS NO "tax evasion" OR avoidance! Google 26 CFR 1.0-1 paragraph (d). Passed into LAW by the 83rd Congress TAXABLE years began December 31 1953 and AND ENDED AUGUST 16 1954!!! There has not been an income tax for 69

dennishipsley