The income shifting and timing strategies are examples of:
A) tax avoidance
B) tax evasion
C) illegal taxpayer strategies
D) All of these
E) None of these

Question

Quizplus · Accepted Answer

Income shifting and timing strategies are legal methods of reducing one's tax liability and are considered tax avoidance. Tax evasion involves illegal activities such as falsifying documents or underreporting income with the intent of evading taxes. Illegal taxpayer strategies refer to fraudulent schemes to avoid paying taxes.

The Income Shifting and Timing Strategies Are Examples Of