If I cut corners on my business taxes as advised by my CPA, am I at risk for tax fraud?

Tax evasion is failing to report taxable income, reporting income inaccurately, or illegally avoiding paying taxes. The most common technique of tax evasion is failing to report taxable income. Within that area the most common technique is not reporting cash income.  But however tax evasion is done, the government takes a dim view of it and imposes serious penalties.  However, it is important to make the distinction between tax evasion and tax avoidance.  Evading taxes is illegal but using legal methods to minimize taxes is quite proper; for example, taking maximum advantage of permitted deductions.  However, when you take actions to intentionally avoid legal responsibility for taxes, that is tax evasion. Tax fraud punishment can include civil penalties, criminal fines and even imprisonment in serious cases.  If you are concerned that your accountant is being “too aggressive” in tax planning for your business, you should consult an attorney experienced in taxation to help you walk that line between legal tax avoidance and illegal tax evasion.