IRC §7201. Attempt to Evade or Defeat Tax

May 5, 2008 by admin
Filed under: IRS, tax evasion, unreported income 

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.

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2 Comments on IRC §7201. Attempt to Evade or Defeat Tax

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

    2. [...] 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 Mon, 5th May 2008 1:14 pm

    3. [...] unknown [...]

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