Tax Evasion
26 U.S.C. § 7201 (2005).
The Crime
- Under section 7201, it is a crime for a person to
- willfully attempt in any manner to
- evade or
- defeat
- any tax imposed by this title or the payment thereof.
The Punishment
Violating section 7201 will constitute a felony, and the punishment for doing so is
- a fine of not more than $ 100,000 ($ 500,000 in the case of a corporation),
- imprisonment for not more than 5 years, or
- both.
Furthermore, the defendant will have to pay the costs of prosecution.