2020 US Code
Title 26 - Internal Revenue Code
Subtitle F - Procedure and Administration
Chapter 75 - Crimes, Other Offenses, and Forfeitures
Subchapter B - Other Offenses
Sec. 7268 - Possession with intent to sell in fraud of law or to evade tax

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Citation 26 U.S.C. § 7268 (2020)
Section Name ยง7268. Possession with intent to sell in fraud of law or to evade tax
Section Text

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.

Source Credit

(Aug. 16, 1954, ch. 736, 68A Stat. 865.)

Publication Title United States Code, 2018 Edition, Supplement 2, Title 26 - INTERNAL REVENUE CODE
Category Bills and Statutes
Collection United States Code
SuDoc Class Number Y 1.2/5:
Contained Within Title 26 - INTERNAL REVENUE CODE
Subtitle F - Procedure and Administration
CHAPTER 75 - CRIMES, OTHER OFFENSES, AND FORFEITURES
Subchapter B - Other Offenses
Sec. 7268 - Possession with intent to sell in fraud of law or to evade tax
Contains section 7268
Date 2020
Laws In Effect As Of Date January 13, 2021
Positive Law No
Disposition standard
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