Tax Evasion

An illegal practice whereby an individual intentionally avoids paying their true tax liability. Anyone caught evading taxes is generally subject to criminal charges and substantial penalties.


There is a difference between tax minimization and tax evasion. All citizens have the right to reduce the amount of taxes they pay as long as it is by legal means.



IRS.gov - The source of all things tax related in the United States

How to deduct an ostrich: America's funniest tax stories - Read about some people who tried to deduct too much in the wrong places.
Related Terms

Tax Haven

Tax Liability

Tax Shelter

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