In this article from U.S. News & World Report, Kevin Knull, CFP® discusses the difference between tax avoidance and tax fraud: "Tax avoidance is using lawful tax strategies to reduce tax liability, while tax fraud is deliberately evading taxes or falsifying tax documents to deceive tax authorities,” said Knull. The key to avoiding taxes while simultaneously protecting against tax fraud is access to comprehensive IRS data plus continuous monitoring of a taxpayer’s IRS account via TaxStatus.
Click here to read the article in U.S. News & World Report
