IRC §7201. Attempt to Evade or Defeat Tax

From IRS Website:
9.1.3.3.2 (08-11-2003)
IRC §7201. Attempt to Evade or Defeat Tax 1.      IRC §7201 states in its entirety:Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment thereof shall, in addition to other penalties provided by law, be guilty of a felony and, upon conviction thereof, shall be fined not more than $100,000 ($500,000 in the case of a corporation), or imprisoned not more than 5 years, or both, together with the costs of prosecution.
Note:

By operation of the criminal fine provisions under 18 USC §3571, the maximum permissible fines for the violations of IRC §7201, is at least $250,000 for individuals and $500,000 for corporations. Alternatively, if any person derives pecuniary gain from the offense, or if the offense results in pecuniary loss to a person other than the defendant, the defendant may be fined not more than the greater of twice the gross gain or twice the gross loss.

May 5, 2008 | Filed Under irs, tax evasion, unreported income 

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2 Responses to “IRC §7201. Attempt to Evade or Defeat Tax”

  1. IRC §7201. Attempt to Evade or Defeat Tax on May 5th, 2008 12:07 pm

    […] unknown wrote an interesting post today onHere’s a quick excerptFrom IRS Website: 9.1.3.3.2 (08-11-2003) IRC §7201. Attempt to Evade or Defeat Tax 1. IRC §7201 states in its entirety: Any person who willfully attempts in any manner to evade or defeat any tax imposed by this title or the payment … […]

  2. IRS News » Blog Archive » IRC §7201. Attempt to Evade or Defeat Tax on May 5th, 2008 1:14 pm

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