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tax fraud.See TAX EVASION. [Blacks Law 8th]

tax foreclosure.See FORECLOSURE. [Blacks Law 8th]

tax ferret.A private person engaged in the business of searching for taxable property that has somehow not been taxed. [Cases: Internal Revenue 4442. C.J.S. Internal Revenue § 610.] [Blacks Law 8th]

tax-exempt bond.See BOND(3). [Blacks Law 8th]

tax evasion.The willful attempt to defeat or circumvent the tax law in order to illegally reduce one’s tax liability. • Tax evasion is punishable by both civil and criminal penalties. — Also termed tax fraud. Cf. TAX AVOIDANCE. [Cases: Internal Revenue 5263; Taxation 1103. C.J.S. Internal Revenue § 847; Taxation § 1782.] [Blacks Law 8th]

tax-deficiency notice.See NINETY-DAY LETTER [Blacks Law 8th]

tax deficiency.See DEFICIENCY. [Blacks Law 8th]

tax-deferred annuity.See 403(b) plan under EMPLOYEE BENEFIT PLAN [Blacks Law 8th]

tax-deferred account.See ACCOUNT. [Blacks Law 8th]

tax-deferred,adj. Not taxable until a future date or event . [Cases: Internal Revenue 3575–3615. C.J.S. Internal Revenue §§ 160, 206–208, 291, 294–295, 299–327.] [Blacks Law 8th]