RTRP - IRS Registered Tax Return Preparer Test

Category - Fundamental Forensic Knowledge

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The difference between tax avoidance and tax evasion is:

Tax avoidance is permissible by law, whereas, tax evasion is a crime
Tax avoidance is punishable, whereas, tax evasion is allowed
Tax avoidance is manipulation of laws, whereas, tax evasion is lawful
Tax avoidance at a larger level refers to tax evasion

Explanation

Answer: A - It is important for practitioners to be knowledgeable about what constitutes as tax avoidance and tax evasion. Tax avoidance is permissible by law, whereas, tax evasion is a crime as per the court of law.

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