Tax Avoidance Vs Tax EVASION: The Difference and Why it Matters

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  • Опубликовано: 14 дек 2024

Комментарии • 25

  • @LYFEAccounting
    @LYFEAccounting  3 года назад +2

    Watch Next: Top 5 Tax Avoidance Strategies for Individuals: ruclips.net/video/aLGyEio20s4/видео.html&t=

  • @GojiCenter
    @GojiCenter 3 года назад +2

    Great vid. And totally unrelated but I heard someone say it was legal to deduct your dog as a business expense as long as it purpose was to "guard business property or assets" I'm assuming its supposed to be a certain breed right? I wanna hear your take on this. (I don't do this btw lol)

    • @b.j.
      @b.j. 3 года назад

      Haha, what? Is this real. Following for the answer!!

    • @lonewolf6842
      @lonewolf6842 3 года назад

      You can use him for a lot of things, do your research

    • @b.j.
      @b.j. 3 года назад +1

      @@lonewolf6842 doing research will never provide "his take" on the situation.

  • @jamescarter2013
    @jamescarter2013 3 года назад +1

    This Guy Is A Genius ‼️

  • @lashundavis4231
    @lashundavis4231 3 года назад

    You and your team are truly a blessing🙌 Thanks

  • @akawakgeneme5786
    @akawakgeneme5786 Месяц назад

    It is good description

  • @bonolocontent5936
    @bonolocontent5936 Год назад

    Excellent video

  • @hopbebop
    @hopbebop Год назад

    What if you're avoiding paying taxes on purpose and paying cash for employees. Asking jobs to pay in cash to hide income. Evading taxes completely on jobs like construction, architecture, plumbing, general contractor,and employees???

    • @SilasBlagdon
      @SilasBlagdon 5 месяцев назад

      That’s is illegal bc you are lying

  • @LeonardJohnson-t5l
    @LeonardJohnson-t5l 10 месяцев назад

    Relationship test in Chicago because of Puerto Rico

  • @billbarnes9718
    @billbarnes9718 3 года назад

    Great info.

  • @dennishipsley8703
    @dennishipsley8703 11 месяцев назад +3

    There IS NO "tax evasion" OR avoidance! Google 26 CFR 1.0-1 paragraph (d). Passed into LAW by the 83rd Congress TAXABLE years began December 31 1953 and ENDED.....AND ENDED..... AND ENDED AUGUST 16 1954!!! There has not been an income tax for 69 YEARS!!!!!

  • @Al-rn5qy
    @Al-rn5qy 3 года назад

    Awesome video and very helpful, informative content on the subject matter! Here's my short, witty understanding of the difference between tax avoidance and tax evasion:
    Tax Avoidance = Jeff Bezos
    Tax Evasion = Al Capone 😂

  • @infernus42254
    @infernus42254 2 месяца назад

    You can always tell someone has never paid any government taxes just based on how much they talk. Lol.

  • @maganamfg
    @maganamfg 3 года назад +1

    🔥🙏