Tax evasion is a legal activity that forms the basis of the basic tax planning strategies.

Name: Tax evasion is a legal activity that forms the basis of the basic tax planning strategies.
Brand: Quizplus
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Quizplus · Accepted Answer

Tax evasion is illegal and refers to intentionally not reporting or underreporting income or other tax liabilities. Tax planning, on the other hand, is a legal way of optimizing tax liability by taking advantage of deductions, credits, and other tax incentives provided by the tax code.

Tax Evasion Is a Legal Activity That Forms the Basis