2018 US Code
Title 26 - Internal Revenue Code
Subtitle F - Procedure and Administration
Chapter 75 - Crimes, Other Offenses, and Forfeitures
Subchapter D - Miscellaneous Penalty and Forfeiture Provisions
Sec. 7341 - Penalty for sales to evade tax
| 26 U.S.C. § 7341 (2018) |
| ยง7341. Penalty for sales to evade tax |
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(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 contractIf such property has been paid for, in whole or in part, the sum so paid shall be deemed forfeited. (c) MoietyAny 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 use and the other half to the use of the United States. |
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(Aug. 16, 1954, ch. 736, 68A Stat. 872.) |
| United States Code, 2018 Edition, Title 26 - INTERNAL REVENUE CODE |
| Bills and Statutes |
| United States Code |
| Y 1.2/5: |
| Title 26 - INTERNAL REVENUE CODE Subtitle F - Procedure and Administration CHAPTER 75 - CRIMES, OTHER OFFENSES, AND FORFEITURES Subchapter D - Miscellaneous Penalty and Forfeiture Provisions Sec. 7341 - Penalty for sales to evade tax |
| section 7341 |
| 2018 |
| January 14, 2019 |
| No |
| standard |
