Member of Massachusetts Society of CPAs. Member of National Society of Black Certified Public Accountants, Inc. Specialties: Individuals, partnerships, "S" and "C" corporations, Trusts, Estates - Income and Estate Taxes, Real Estate, Manufacturing, Medical, Consulting, Technology, Retail, Restaurant, Hotel, Construction, Mergers & Acquisitions, Accumulated Earnings Tax, AMT, Personal Holding Companies, Tax Planning and Syndication
Tax evasion has been a hot topic recently, with endless coverage of the Trump organization’s alleged mishandling of funds to avoid paying taxes.And while you may understand terms like “fringe benefits,” “non-cash payments,” and “grand larceny,” do you know what actually constitutes tax evasion, and how it relates to the average working individual?
The most common attempt to evade or defeat a tax is the affirmative act of filing a false return that omits income and/or claims deductions to which the taxpayer is not entitled.