Definition of "Tax evasion"

Andrea Evans- <br>The Evans Llorens Team real estate agent
Andrea Evans-
The Evans Llorens Team, Real Estate Agent
Douglas Elliman Real Estate

Not paying taxes legally due the government. Examples are the failure to report rental income received and claiming false deductions on real estate holdings. The penalty for tax fraud is 75% of the underpaid tax. There may also be criminal prosecution.

 

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