FEDERAL · 26 U.S.C. · Chapter 75
Penalty for sales to evade tax
Current through Pub. L. 119-102
(a)Nonenforceability of contract
Whenever any person who is liable to pay any tax imposed by this title upon, for, or in respect of, any property sells or causes or allows the same to be sold before such tax is paid, with intent to avoid such tax, or in fraud of the internal revenue laws, any debt contracted in such sale, and any security given therefor, unless the same shall have been bona fide transferred to an innocent holder, shall be void, and the collection thereof shall not be enforced in any court.
(b)Forfeiture of sum paid on contract
If such property has been paid for, in whole or in part, the sum so paid shall be deemed forfeited.
(c)Moiety
Any person who shall sue for the sum so paid (in an action of debt) shall recover from the seller the amount so paid, one-half to his own
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26 U.S.C. § 7341 (Penalty for sales to evade tax) — published by Counsel Stack Legal Research, free access to 12M+ legal documents.
Related
Ploog v. HomeSide Lending, Inc.
209 F. Supp. 2d 863 (N.D. Illinois, 2002)
Hrubec v. National Railroad Passenger Corp.
829 F. Supp. 1502 (N.D. Illinois, 1993)
United States Ex Rel. Alderson v. Quorum Health Group, Inc.
171 F. Supp. 2d 1323 (M.D. Florida, 2001)
McQueen v. United States
5 F. Supp. 2d 473 (S.D. Texas, 1998)
Cooper v. Federal Aviation Administration
816 F. Supp. 2d 778 (N.D. California, 2008)
PAF, Inc. v. BA Properties, Inc. & Bank of America
24 F. Supp. 2d 545 (E.D. Virginia, 1998)
Source Credit
History
(Aug. 16, 1954, ch. 736, 68A Stat. 872.)