Question: What is the fundamental difference between tax avoidance and tax evasion and how do they both relate to the concept of a taxpayers tax liability?

What is the fundamental difference between tax avoidance and tax evasion and how do they both relate to the concept of a taxpayers tax liability?

2. What is depreciation and how does it differ from amortization? Furthermore, what is the difference between IRC 168 & 179? How does bonus depreciation affect either of the two?

3. What are the two main types of accounting? When considering the constructive receipt doctrine, which accounting method is applicable? When considering the capitalization of assets, which accounting method is more prevalent?

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