FEDERAL · 26 U.S.C. · Chapter 75
Possession with intent to sell in fraud of law or to evade tax
Current through Pub. L. 119-102
Every person who shall have in his custody or possession any goods, wares, merchandise, articles, or objects on which taxes are imposed by law, for the purpose of selling the same in fraud of the internal revenue laws, or with design to avoid payment of the taxes imposed thereon, shall be liable to a penalty of $500 or not less than double the amount of taxes fraudulently attempted to be evaded.
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26 U.S.C. § 7268 (Possession with intent to sell in fraud of law or to evade tax) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
United States v. Ray Vance and Mrs. Ray Vance
256 F.2d 82 (Sixth Circuit, 1958)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 865.)