Receiving an audit notice could prove unsettling, but many taxpayers find such letters in the mail each year. While numerous Texas residents file federal returns year after year with no problems, others wonder why the IRS continues to look closely at their...
What is the difference between tax evasion and tax avoidance?
Texas residents and businesses are required to pay federal income taxes. However, some of them manage to find loopholes. Two ways are through tax evasion and tax avoidance. You should know what these terms mean and how they differ. What is tax evasion? Under tax law,...
