Solution-Is either of the considered tax avoidance or tax

Is either of the considered tax avoidance or tax evasion

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Point 1: Last year Richard received $10,000 of compensation for some consulting work (paid in cash). Jeffrey received $10,000 of interest income from City of Dallas municipal bonds.

Question 1: Both taxpayers reported no taxable income from these transactions. Is either of these considered tax avoidance or tax evasion? Please explain the difference, if any, between the two?

Reference no: EM132467769

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Is either of the considered tax avoidance or tax evasion

Reference no: EM132467769

Reference no: EM132467769

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